Daily Summary - 12 Mac 2012

YOUR MORNING COFFEE – Monday 12/3/2012

SUMMARY
 Wall St closed 0.1% higher, as private Greek bond holders accepted a plan to restructure. And US unemployment remained at 8.3%, with
227,000 jobs added in February, higher than expected.
 Dow of 12,922, is targeting 13,279. Previous high is 14,198. RSI of 55, is on a spike up, indicating a likely retest on the 13,000 level. Caution is on the key support 12,670, which will be negative if breached.
 Dollar Index is higher at 79.9. Upside is at 81.0.
 Crude oil is higher at USD107.4. Support is at 101.0.
 Dollar yen is higher at 82.4 yen. Resistance is at 83.1.
 Euro/dollar is lower at 1.312. Support is at 1.297.
 Gold is higher at USD1711. Downside is at 1625.
 Shanghai closed higher at 2,439.
 Singapore STI closed lower at 2,963.
 Ringgit is weaker at 3.019. Support is at 3.110.
 S’pore ringgit is lower at 2.396. Resistance is at 2.430
 Malaysian market closed higher at 1579. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609.
Support is at 1566. RSI of 63, is weakening. Today’s range is between 1576 and 1586.
 CPO April futures is higher at RM3357. Resistance is at 3384.
 Trading : LEESK ( 8079 : 0.20 ) : Targeting 0.28, SALCON ( 8567 : 0.56 ) : Targeting 0.64, CAB ( 7174 : 0.42 ) : Targeting 0.54, JASKITA ( 8648 : 0.16 ) : Targeting 0.20


Source:Jupiter Securities Research 12 March 2012