Daily Summary - 19 Mar 2012

YOUR MORNING COFFEE – Monday 19/3/2012

SUMMARY
· Wall St closed 0.15% lower, due to disappointing date. CPI rose to 0.4% in February, against 0.2% estimate. Industrial production unchanged, versus 0.5% estimate. Consumer sentiment index was
down to 74.3.
· Dow of 13,232, is targeting 13,279. Previous high is 14,198. RSI of 69, is on a spike up. Caution is on the key support 12,970, which will be negative if breached.
· Dollar Index is lower at 79.7. Downside is at 79.1.
· Crude oil is higher at USD107.0. Resistance is at 114.0.
· Dollar yen is lower at 83.4 yen. Resistance is at 85.6.
· Euro/dollar is higher at 1.317. Support is at 1.292.
· Gold is higher at USD1660. Downside is at 1625.
· Shanghai closed higher at 2,404.
· Singapore STI closed lower at 3,010.
· Ringgit is firmer at 3.049. Downside is at 3.110.
· S’pore ringgit is higher at 2.427. Resistance is at 2.440
· Malaysian market closed lower at 1571. On the Daily chart, it broke
the 200 MA of 1504, indicating a further upward push to 1609. Support is at 1550. RSI of 54, is neutral. Today’s range is between 1569 and 1577.
· CPO April futures is higher at RM3393. Resistance is at 3400.
· Trading :

 Source:Jupiter Securities Research 19 March 2012