Daily Summary - 14 Jan 2013

YOUR MORNING COFFEE – Monday 14/1/2013

SUMMARY

• Wall St closed 0.1% higher, in the start of the 4Q corporate reporting season, which is expected to record 3.3% gain.
• Dow of 13,488, is heading for a test on the resistance of 13,661. RSI of 62, is up.
• DOLLAR INDEX is lower at 79.5. Support is at 79.2.
• Crude oil is lower at USD93.5. Resistance is at 95.3.
• Dollar yen is higher at 89.5 yen. Resistance is at 93.0.
• Euro/dollar is higher at 1.335. Resistance is at 1.340.
• Gold is lower at USD1661. Support is at 1630.
• Shanghai closed lower at 2243.
• Singapore STI closed lower at 3,216.
• Ringgit is stronger at 3.02. Upside is at 3.00.
• S’pore ringgit is lower at 2.460. Support is at 2.462.
• Malaysian market closed lower at 1682. On the Daily chart, the immediate resistance is at 1707. RSI of 62, is down. Today’s range is between 1680 and 1690.
•  CPO March futures is lower at RM2368. Support is at 2340.
• Trading : DAYANG (5141 : 2.60 ) : Take profit, PERDANA (7108 : 1.24 ) : Take profit

Jupiter Securities Research - 14 January 2013