Daily Summary - 20 Dec 2012

YOUR MORNING COFFEE – Thursday 20/12/2012

SUMMARY

• Wall St closed 0.7% lower, awaiting for some agreement over resolving the fiscal cliff. Housing starts were down 3% in November.
• Dow of 13,251, is on a support at 13,000. RSI of 58 is down.
• DOLLAR INDEX is lower at 79.2. Support is at 78.9.
• Crude oil is higher at USD89.5. Resistance is at 93.0.
• Dollar yen is higher at 84.3 yen. Resistance is at 85.0.
• Euro/dollar is lower at 1.322. Support is at 1.302.
• Gold is lower at USD1669. Support is at 1643.
• Shanghai closed lower at 2162.
• Singapore STI closed higher at 3,158.
• Ringgit is weaker at 3.061. Downside is at 3.09.
• S’pore ringgit is higher at 2.509. Upside is at 2.540.
• Malaysian market closed higher at 1665. On the Daily chart, it is heading for a retest on the previous high of 1679. RSI is at 71. Support is at 1650. Today’s range is between 1660 and 1670.
• CPO March futures is lower at RM2331. Resistance is at 2516.
• Trading : PWROOT (7237 : 1.10 ) : Take profit, POS (4634 : 3.43 ) : Take profit, MAHSING (8583 : 2.16 ) : Targeting 2.35/Stop loss 2.10, HAIO (7668 : 2.15 ) : Targeting 2.29/Stop loss 2.10

Source: Jupiter Securities Research - 20 December 2012