November 10, 2009
By: martinwo
Category: Economic
SUMMARY TUESDAY 10/11/09
- Wall St up 2%, taking cue from weekend’s G-20 finance ministers meeting to maintain stimulus package. Commodities gained. Dollar dived.
- Dow of 10,226, with 10,300 resistance
- Dollar weakens to 89.9 yen.
- Crude oil is higher at USD79, targeting USD84
- Gold is higher at USD1,102. Targeting USD1137
- Ringgit of 3.38, is stronger. Upside is at 3.36
- S’pore ringgit is on a small pullback to 2.437. With a pullback support at 2.42, the long term upside is at 2.52
- Malaysia market closed higher at 1267. Upside is at 1278. Support is 1257 price gap.
- CPO Dec futures of RM2210, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.
- Today’s trading range is between 1264 and 1278.
