YOUR MORNING COFFEE – Friday 4/1/2013
SUMMARY
- Wall St closed 0.2% lower, as the latest US Fed minutes indicated some concern over the stimulus program. The employment figure, this Friday, is expected to show 150,000 jobs added. Weekly initial jobless claims rose to 372,000.
- Dow of 13,391, is heading for a test on the resistance of 13,661. RSI of 60, is rebounding.
- DOLLAR INDEX is higher at 80.4. Resistance is at 81.2.
- Crude oil is lower at USD92.9. Resistance is at 95.3.
- Dollar yen is higher at 87.6 yen. Resistance is at 93.0.
- Euro/dollar is lower at 1.304. Support is at 1.288.
- Gold is lower at USD1661. Support is at 1630.
- Shanghai closed higher at 2269.
- Singapore STI closed higher at 3,224.
- Ringgit is stronger at 3.038. Upside is at 3.02.
- S’pore ringgit is lower at 2.473. Support is at 2.462.
- Malaysian market closed higher at 1692. On the Daily chart, the immediate resistance is at 1707. RSI of 69, is up. Today’s range is between 1687 and 1697.
- CPO March futures is lower at RM2474. Resistance is at 2570.
- Trading : HAIO (7668 : 2.34 ) : Take profit DIGI (6947 : 5.26 ) : Targeting 5.68/Stop loss 5.17, PERMAJU (7080 : 0.50 ) : Targeting 0.62/Stop loss 0.44
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