Saving for Wealth on Financial

U.S. Shares closed Thursday from volatile early session, but still in the red after reporting on unemployment, output and housing on the economy before the monthly report of key employment policy Friday. Recovering from a fall of 150 points, the Dow Jones Industrial Average after a session of the sixth consecutive year of losses to 41.49 points, or 0.4% to 9732.53 processing.

The economic interests again dragged down Asian stocks Thursday was the U.S. data in the peaceful production figures show a slowdown in growth in the Asian countries, including China and India followed.
The Nikkei Stock Average fell by 2% at the end of 9191.60, its lowest closing level since late November. China Shanghai Composite fell 1%, South Korea KOSPI fell 0.7%, Australia S & P / ASX 200 fell by 1.5%, Taiwan’s TAIEX fell by 1% and the DAX, India has been 1.3% in midday trading on. The stock market in Hong Kong was closed for a holiday.

With crude oil futures fell for the fourth meeting on Thursday a series of macro-economic fears raised concerns about reports of a slowdown in global economic growth and thus the demand for energy. Light sweet crude for August delivery fell $ 2.68, or 3.5% to $ 72.95 a barrel on the New York Mercantile Exchange. He has oil to a level not seen since early June and sent it was the largest oil, one-day drop since the fourth June

November soybeans traded today sawtooth, but with less distortion. It began with a sharp drop in the day that the November meeting of the contract was to begin yesterday. August soybeans finished clock of 02.01 to 931, soybean oil finished at $ 0.35 to 36.4 August.

to recover, there are no signs of a reversal of the trend that the market plunge there for FBM KLCI continued yesterday. Bears are presented as if it must have been yesterday that the recovery index futures on 1310 levels, a further weakness at the end of trading accounts. There was less reason for our actions as a representation of the regional index, the trade to get bearish tone. According 5point the July contract for DIP at the lower end 1303rd A portion of the cash per month contract to decline until 6738, while the open interest at 14 449.

Fear is probably likely to continue in the market than the feeling for the next week haunt retreat. Markets can easily rebound today we are not impulsive dip yesterday and the Dow Jones has the power to be maintained (at the last moment) can only support this event. When this event occurs, the second chance for those who today want to reach the market based on short rotation (Guide on the market). Sell when the market is terrible (Lower overbought reading on the daily chart, breaking a long bearish candle with a series of unprecedented small candle, etc.), while shopping at the greed is presented (the upper layer, long bullish candle, etc. ). The candle is bearish FBM KLCI to swallow yesterday on the bullish candle succeed before (open lower, as most of the losses), whether as a bearish Harami candle is designed, bears are well aware of the new rule today.
Daily Pivot
R2 = 1312
R1 = 1307
S1 = 1300
S2 = 1298

View of the market FCPO

Decline in CPO futures market into the abyss, as they opened yesterday, and from further south, to 2342 levels, the lowest level since November 2009. The bear was eventually burned the Bulls, like the last few months where the market is the creation of a number of lower peaks. At the closing bell, the benchmark September at RM27 DPI 2346th Beach for the third month found decreased to 6.981, while the open interest decline was 22 554.

Bears are all gears for the next jump is the question, are you ready? Still, mark the retailer’s oversold reading on the card to pay every day. If the price difference between the two, so it could fall further if they oversold reading about the struggle of the oscillator rebound. I expect another weak CPO price break two days before the trade and the negative sentiment on the stock index. Going for the rebound main / decrease in 2300 is probably the level of psychological support (round number).
Daily Pivot
R2 = 2380

R1 = 2363

S1 = 2335

S2 = 2324

Disclaimer: information and opinions in this report are intended for educational purposes. Although the information was obtained from reliable sources in this document, the author assumes no responsibility for the accuracy or completeness.

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