YOUR MORNING COFFEE – Thursday 6/12/2012
SUMMARY
- Wall St closed 0.6% higher, as Obama indicated agreement on taxes on the wealthy, a contentious issue in the fiscal cliff. This Friday, the employment data is expected to show 77,000 jobs added, with unemployment around 8%.
- Dow of 13,034, is heading for a test on the overhead resistance of 13,290. RSI of 52, is rising.
- DOLLAR INDEX is higher at 79.7. Support is at 79.3.
- Crude oil is lower at USD87.9. Resistance is at 93.0.
- Dollar yen is higher at 82.3 yen. Support is at 81.0.
- Euro/dollar is lower at 1.307. Resistance is at 1.312.
- Gold is lower at USD1695. Support is at 1643.
- Shanghai closed higher at 2031.
- Singapore STI closed higher at 3,075.
- Ringgit is firmer at 3.044. Downside is at 3.09.
- S’pore ringgit is higher at 2.499. Upside is at 2.540.
- Malaysian market closed higher at 1613. On the Daily chart, the oversold RSI of 37, points to a likely technical rebound to test the overhead resistance of 1644. Support is at 1595. Today’s range is between 1609 and 1619.
- CPO Feb futures is lower at RM2284. Support is at 2275.
- Trading : MNC (0103 : 0.12 ) : Targeting 0.20/Stop loss 0.10, TAKASO (7071 : 0.25 ) : Targeting 0.35/Stop loss 0.22, YINSON (7293 : 1.90 ) : Targeting 2.10/Stop loss 1.85
Source:Jupiter Securities Research, 06 December 2012
No comments:
Post a Comment