SUMMARY
- Wall St closed 0.7% higher, on hope of a deal to resolve the fiscal cliff. Congress has offered to extend the debt limit by a year, and allowing tax on the wealthiest.
- Dow of 13,235, has recovered. Resistance is at 13,600. RSI of 59 is up.
- DOLLAR INDEX is lower at 79.6. Support is at 79.4.
- Crude oil is higher at USD87.2. Resistance is at 93.0.
- Dollar yen is lower at 83.8 yen. Resistance is at 84.0.
- Euro/dollar is higher at 1.316. Resistance is at 1.317.
- Gold is lower at USD1696. Support is at 1643.
- Shanghai closed higher at 2160.
- Singapore STI closed lower at 3,158.
- Ringgit is weaker at 3.050. Downside is at 3.09.
- S’pore ringgit is higher at 2.505. Upside is at 2.540.
- Malaysian market closed lower at 1648. 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 1644 and 1654.
- CPO March futures is higher at RM2350. Resistance is at 2516.
- Trading : BRIGHT (9938 : 1.79 ) : Take profit BENALEC (5190 : 1.41 ) : Take profit THHEAVY (7206 : 0.56 ) : Take profit UOAREIT (5110 : 1.36 ) : Targeting 1.47/Stop loss 1.33
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