SUMMARY
- Wall St closed 0.4% lower, as uncertainty over the fiscal cliff continued in spite of positive news. Retail sales rebounded in November, up 0.3% in the month. Weekly initial jobless claims dipped to 343,000.
- Dow of 13,170, has retreated from the overhead resistance of 13,330. Support is at 12,900. RSI of 57 is down.
- DOLLAR INDEX is higher at 79.9. Resistance is at 81.2.
- Crude oil is lower at USD85.8. Resistance is at 93.0.
- Dollar yen is higher at 83.6 yen. Resistance is at 84.0.
- Euro/dollar is higher at 1.307. Resistance is at 1.313.
- Gold is lower at USD1696. Support is at 1643.
- Shanghai closed lower at 2061.
- Singapore STI closed higher at 3,156.
- Ringgit is weaker at 3.060. Downside is at 3.09.
- S’pore ringgit is higher at 2.505. Upside is at 2.540.
- Malaysian market closed higher at 1652. On the Daily chart, it has been capped at the overhead resistance of 1658, indicating a likely pullback. Support is at 1635. Today’s range is between 1646 and 1656.
- CPO Feb futures is lower at RM2230. Support is at 2210.
- Trading : DIGI (6947 : 5.05 ) : Take profit DAYANG (5141 : 2.47 ) : Targeting 2.70/Stop loss 2.38 GAMUDA (5398 : 3.64 ) : Targeting 3.90/Stop loss 3.54
Source: Jupiter Securities Research - 14 December 2012
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