Daily Summary - 8 Jan 2013

YOUR MORNING COFFEE – Tuesday 8/1/2013

 

SUMMARY

• Wall St closed 0.4% lower, as the focus shifted to the coming 4Q corporate reporting season, which is expected to record 3.3% gain.
• Dow of 13,384, is heading for a test on the resistance of 13,661. RSI of 59, is rebounding.
• DOLLAR INDEX is lower at 80.2. Resistance is at 81.2.
• Crude oil is higher at USD93.1. Resistance is at 95.3.
• Dollar yen is lower at 87.4 yen. Resistance is at 93.0.
• Euro/dollar is higher at 1.312. Support is at 1.288.
• Gold is lower at USD1653. Support is at 1630.
• Shanghai closed higher at 2285.
• Singapore STI closed lower at 3,218.
• Ringgit is stronger at 3.038. Upside is at 3.02.
• S’pore ringgit is lower at 2.474. Support is at 2.462.
• Malaysian market closed higher at 1694. On the Daily chart, the immediate resistance is at 1707. RSI of 70, is overbought. Today’s range is between 1690 and 1700.
• CPO March futures is lower at RM2418. Resistance is at 2570.

Jupiter Securities Research - 08 January 2013