Daily Summary - 3 Dec 2012

YOUR MORNING COFFEE – Monday 3/12/2012

SUMMARY

• Wall St closed 0.03% higher as it remained on the fiscal cliff. In October, personal income was unchanged and, personal spending dipped 0.2%. Chicago PMI improved to 50.4.
• Dow of 13,025, is heading for a test on the overhead resistance of 13,290. RSI of 52, is recovering.
• DOLLAR INDEX is higher at 80.2. Support is at 79.6.
• Crude oil is higher at USD88.9. Resistance is at 93.0.
• Dollar yen is higher at 82.4 yen. Support is at 81.0.
• Euro/dollar is higher at 1.299. Resistance is at 1.302.
• Gold is lower at USD1716. Support is at 1643.
• Shanghai closed higher at 1980.
• Singapore STI closed higher at 3,069.
• Ringgit is firmer at 3.037. Downside is at 3.09.
• S’pore ringgit is lower at 2.489. Upside is at 2.540.
• Malaysian market closed higher at 1610. On the Daily chart, the oversold RSI of 34, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1608 and 1618.
• CPO Feb futures is lower at RM2370. Support is at 2344.
• Trading : SKPETRO (5218 : 2.83 ) : Take profit

Source:Jupiter Securities Research, 03 December 2012