Daily Summary - 9 Jan 2013

YOUR MORNING COFFEE – Wednesday 9/1/2013

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 13,328, is heading for a test on the resistance of 13,661. RSI of 56, is neutral.
• DOLLAR INDEX is higher at 80.3. Resistance is at 81.2.
• Crude oil is higher at USD93.1. Resistance is at 95.3.
• Dollar yen is lower at 87.0 yen. Resistance is at 93.0.
• Euro/dollar is lower at 1.308. Support is at 1.288.
• Gold is higher at USD1659. Support is at 1630.
• Shanghai closed lower at 2276.
• Singapore STI closed lower at 3,205.
• Ringgit is weaker at 3.044. Upside is at 3.02.
• S’pore ringgit is higher at 2.477. Support is at 2.462.
• Malaysian market closed lower at 1688. On the Daily chart, the immediate resistance is at 1707. RSI of 65, is down. Today’s range is between 1685 and 1695.
• CPO March futures is lower at RM2390. Support is at 2340.
• Trading : RSAWIT (5113 : 0.88 ) : Take profit, MAYBULK (5077 : 1.47 ) : Take profit, GAMUDA (5398 : 3.79 ) : Take profit, HARVEST (9342 : 0.35 ) : Take profit

Jupiter Securities Research - 09 January 2013