YOUR MORNING COFFEE – Monday 27/2/2012

YOUR MORNING COFFEE – Monday 27/2/2012

SUMMARY
· Wall St closed 0.01% lower. Consumer sentiment index rose to 75.3, higher than expected. However, housing remains troubling, as new home sales declined.
· Dow of 12,982, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 66, remains positive.
· Dollar Index is lower at 78.3. Support is at 77.9.
· Crude oil is higher at USD109.7. Resistance is at 114.0.
· Dollar yen is higher at 81.0 yen. Resistance is at 81.7.
· Euro/dollar is higher at 1.345. Resistance is at 1.354.
· Gold is lower at USD1766. Upside is capped at 1827.
· Shanghai closed higher at 2,439.
· Singapore STI closed higher at 2,974.
· Ringgit is firmer at 3.013. It is due for a correction, with support at 3.110.
· S’pore ringgit is lower at 2.400. Support is at 2.370
· Malaysian market closed higher at 1558. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1576. Support is at 1556. RSI of 62, has stabilised. Today’s range is between 1554 and 1564.
· CPO April futures is lower at RM3238. Support is at 3023.
· Trading : MAS ( 3786 : 1.40 ) : Buy below 1.36, PUNCAK ( 6807 : 1.42 ) : Targeting 1.68, NICORP ( 4464 : 0.52 ) : Targeting 0.61, UNISEM ( 5005 : 1.27 ) : Targeting 1.45

Source:Jupiter Securities Research