Daily Summary - 17 Jan 2013

YOUR MORNING COFFEE – Thursday 17/1/2013

SUMMARY

• Wall St closed 0.2% lower, focusing on the 4Q corporate reporting season, which is expected to record 2.4% gain. US consumer prices slowed to a 1.7% annual increase. Industrial production index rose 0.3%, higher than expected.
• Dow of 13,511, is heading for a test on the resistance of 13,661. RSI of 62, is up.
• DOLLAR INDEX is higher at 79.8. Support is at 79.2.
• Crude oil is higher at USD94.2. Resistance is at 95.3.
• Dollar yen is lower at 88.7 yen. Resistance is at 93.0.
• Euro/dollar is lower at 1.329. Resistance is at 1.340.
• Gold is higher at USD1680. Support is at 1630.
• Shanghai closed lower at 2309.
• Singapore STI closed higher at 3,208.
• Ringgit is weaker at 3.019. Upside is at 3.00.
• S’pore ringgit is higher at 2.467. Support is at 2.462.
• Malaysian market closed lower at 1682. On the Daily chart, the immediate resistance is at 1707. RSI of 56, is down. Today’s range is between 1678 and 1688.
• CPO March futures is higher at RM2415. Support is at 2340.
• Trading : POHUAT (7088 : 0.465 ) : Take profit, KUCHAI (2186 : 1.11 ) : Take profit, SUPERMX (7106 : 2.06 ) : Take profit

Jupiter Securities Research - 17 January 2013