SUMMARY
- Wall St closed 0.1% lower, drifting, as focus remains on the fiscal cliff. Dow of 12,951, is heading for a test on the overhead resistance of 13,290. RSI of 48, is slightly weak.
- DOLLAR INDEX is lower at 79.6. Support is at 79.3.
- Crude oil is lower at USD88.5. Resistance is at 93.0.
- Dollar yen is lower at 81.8 yen. Support is at 81.0.
- Euro/dollar is higher at 1.309. Resistance is at 1.312.
- Gold is lower at USD1695. Support is at 1643.
- Shanghai closed higher at 1975.
- Singapore STI closed lower at 3,062.
- Ringgit is firmer at 3.042. Downside is at 3.09.
- S’pore ringgit is lower at 2.497. Upside is at 2.540.
- Malaysian market closed higher at 1607. On the Daily chart, the oversold RSI of 31, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1604 and 1614.
- CPO Feb futures is lower at RM2294. Support is at 2275.
- Trading : KBB (7182 : 0.49 ) : Take profit, KULIM (2003 : 4.50 ) : Targeting 4.86/Stop loss 4.36, FABER (1368 : 1.36 ) : Targeting 1.50/Stop loss 1.32
- THHEAVY (7206 : 0.51 ) : Targeting 0.57/Stop loss 0.48
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