Indonesian Market Recap
JCI continued it rally to the new highest position. Backed by conducive domestic and global sentiments, investors remained to target mining shares. Top Gainers : Mining (+2.54%), Agriculture (+1.28%), Trade (+0.54%).
Today’s Outlook: Interim the U.S. House Agreement
We estimate JCI to be bearish with the support range of 6446-6457 and resistance range of 6525-6529 by today. From global outlook, the interim budget agreement in the U.S. house finally ended the government shutdown to occur since last week. This backdrop is estimated to spur Dollar in rally range. From domestic outlook, investors need digesting trend of 3-day foreign net sell potential for interim JCI’s rally.
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