SUMMARY
- Wall St closed 0.2% higher, focusing on the 4Q corporate reporting season, which is expected to record 2.4% gain. Retail sales rose 0.5%, led by the auto sector. Business inventories increased 0.3%.
- Dow of 13,534, is heading for a test on the resistance of 13,661. RSI of 64, is up.
- DOLLAR INDEX is higher at 79.7. Support is at 79.2.
- Crude oil is lower at USD93.4. Resistance is at 95.3.
- Dollar yen is lower at 88.7 yen. Resistance is at 93.0.
- Euro/dollar is lower at 1.331. Resistance is at 1.340.
- Gold is higher at USD1683. Support is at 1630.
- Shanghai closed higher at 2325.
- Singapore STI closed lower at 3,196.
- Ringgit is stronger at 3.013. Upside is at 3.00.
- S’pore ringgit is lower at 2.460. Support is at 2.462.
- Malaysian market closed higher at 1685. On the Daily chart, the immediate resistance is at 1707. RSI of 60, is down. Today’s range is between 1680 and 1690.
- CPO March futures is higher at RM2398. Support is at 2340.
- Trading : TEBRAU (1589 : 0.785 ) : Take profit
Jupiter Securities Research - 16 January 2013
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