SUMMARY
- Wall St closed 0.6% higher, in the start of the 4Q corporate reporting season, which is expected to record 3.3% gain. Weekly initial jobless claims rose to 371,000. Wholesale inventories rose 0.6%, higher than expected.
- Dow of 13,471, is heading for a test on the resistance of 13,661. RSI of 61, is up.
- DOLLAR INDEX is lower at 79.7. Support is at 79.2.
- Crude oil is higher at USD93.8. Resistance is at 95.3.
- Dollar yen is higher at 89.0 yen. Resistance is at 93.0.
- Euro/dollar is higher at 1.327. Resistance is at 1.340.
- Gold is higher at USD1672. Support is at 1630.
- Shanghai closed higher at 2283.
- Singapore STI closed higher at 3,226.
- Ringgit is stronger at 3.02. Upside is at 3.00.
- S’pore ringgit is lower at 2.470. Support is at 2.462.
- Malaysian market closed lower at 1684. On the Daily chart, the immediate resistance is at 1707. RSI of 64, is down. Today’s range is between 1682 and 1692.
- CPO March futures is lower at RM2387. Support is at 2340.
- Trading : GCB (5102 : 1.76 ) : Take profit, MEDIA (4502 : 2.41 ) : Take profit
Jupiter Securities Research - 11 January 2013
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