Daily Summary - 24 Dec 2012

YOUR MORNING COFFEE – Monday 24/12/2012

SUMMARY

• Wall St closed 0.9% lower, on lack of progress over resolving the fiscal cliff. Personal income rose 0.6%, and personal spending 0.4%, higher than expected.
• Dow of 13,190, is on a support at 13,000. RSI of 53 is down.
• DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
• Crude oil is lower at USD88.3. Resistance is at 93.0.
• Dollar yen is higher at 84.4 yen. Resistance is at 85.0.
• Euro/dollar is lower at 1.322. Support is at 1.302.
• Gold is higher at USD1657. Support is at 1630.
• Shanghai closed lower at 2153.
• Singapore STI closed lower at 3,163.
• Ringgit is weaker at 3.073. Downside is at 3.09.
• S’pore ringgit is higher at 2.509. Upside is at 2.540.
• Malaysian market closed lower at 1658. On the Daily chart, the downside is supported at the price gap of 1642. RSI of 62, is down.
• Today’s range is between 1654 and 1664.
• CPO March futures is higher at RM2408. Resistance is at 2516.
• Trading :

Source: Jupiter Securities Research - 24 December 2012