SUMMARY
- Wall St closed 0.6% higher, due to upbeat economy reports. Weekly initial jobless claims dipped to 335,000, a five year low. New home sales rose sharply in December.
- Dow of 13,596, is heading for a test on the resistance of 13,661. RSI of 65, is up.
- DOLLAR INDEX is lower at 79.6. Support is at 79.2.
- Crude oil is higher at USD95.4. Resistance is at 96.6.
- Dollar yen is higher at 89.8 yen. Resistance is at 93.0.
- Euro/dollar is higher at 1.337. Resistance is at 1.340.
- Gold is higher at USD1687. Support is at 1630.
- Shanghai closed lower at 2284.
- Singapore STI closed lower at 3,195.
- Ringgit is stronger at 3.00. Upside is at 2.99.
- S’pore ringgit is lower at 2.459. Support is at 2.450.
- Malaysian market closed lower at 1681. On the Daily chart, the immediate resistance is at 1707. RSI of 58, is neutral. Today’s range is between 1678 and 1688.
- CPO March futures is lower at RM2361. Support is at 2340.
- Trading : MUDAJYA (5085 : 2.79 ) : Take profit
Jupiter Securities Research - 18 January 2013
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