Daily Summary - 7 Jan 2013

YOUR MORNING COFFEE – Monday 7/1/2013
 

SUMMARY
 

• Wall St closed 0.3% higher, as hiring remained steady in December, with 155,000 jobs added. Unemployment was unchanged at 7.8%. US 10 year Treasury, at 1.91%, has been slowly climbing up.
• Dow of 13,435, is heading for a test on the resistance of 13,661. RSI of 61, is rebounding.
• DOLLAR INDEX is higher at 80.4. Resistance is at 81.2.
• Crude oil is higher at USD93.1. Resistance is at 95.3.
• Dollar yen is higher at 88.1 yen. Resistance is at 93.0.
• Euro/dollar is higher at 1.306. Support is at 1.288.
• Gold is lower at USD1658. Support is at 1630.
• Shanghai closed higher at 2276.
• Singapore STI closed higher at 3,225.
• Ringgit is stronger at 3.040. Upside is at 3.02.
• S’pore ringgit is lower at 2.476. 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 down. Today’s range is between 1688 and 1696.
• CPO March futures is lower at RM2464. Resistance is at 2570.
• Trading : FABER (1368 : 1.44 ) : Take profit, AIRASIA (5099 : 2.91 ) : Take profit, UNISEM (5005 : 1.03 ) : Take profit

Jupiter Securities Research - 07 January 2013