Wednesday 9 January 2013

Daily Summary - 10 Jan 2013

YOUR MORNING COFFEE – Thursday 10/1/2013

SUMMARY
  • Wall St closed 0.4% higher, boosted by the upbeat Alcoa earnings, in the start of the 4Q corporate reporting season, which is expected to record 3.3% gain.
  • Dow of 13,390, is heading for a test on the resistance of 13,661. RSI of 58, is neutral.
  • DOLLAR INDEX is higher at 80.5. Resistance is at 81.2.
  • Crude oil is higher at USD93.1. Resistance is at 95.3.
  • Dollar yen is higher at 88.0 yen. Resistance is at 93.0.
  • Euro/dollar is lower at 1.305. Support is at 1.288.
  • Gold is lower at USD1656. Support is at 1630.
  • Shanghai closed lower at 2275.
  • Singapore STI closed higher at 3,220.
  • Ringgit is weaker at 3.044. Upside is at 3.02.
  • S’pore ringgit is higher at 2.477. Support is at 2.462.
  • Malaysian market closed higher at 1689. On the Daily chart, the immediate resistance is at 1707. RSI of 66, is down. Today’s range is between 1687 and 1697.
  • CPO March futures is higher at RM2412. Support is at 2340.
  • Trading : MAS (3786 : 0.76 ) : Take profit, WINGTM (2976 : 1.92 ) : Take profit

Jupiter Securities Research - 10 January 2013

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