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Market News - 09 Nov 2009

Monday, November 9, 2009

·  Wall St up 0.17%, on the unemployment probably at its worst. US unemployment, rose to 10.2% in October, a 26 year high. Safe haven in gold, yen. Sold off in oil and dollar.

·  Dow of 10,023, with 10,300 resistance

·  Dollar is down against yen at 90.0 yen.

·  Crude oil is down to USD77, targeting USD84

·  Gold is higher at USD1,096. Targeting USD1137

·  Ringgit of 3.405, is stronger. Upside is at 3.8

·  S’pore ringgit is firmer at 2.445. With a pullback support at 2.42, the long term upside is at 2.52

·  Malaysia market closed higher at 1260. Upside is at 1268. Support is 1257.

·  CPO Dec futures of RM2215, on support at RM2100 price gap, is targeting the price gap of RM2340 of 1/9/09.

·  Today’s trading range is between 1257 and 1268.

 

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