YOUR MORNING COFFEE – Monday 26/3/2012
SUMMARY
· Wall St closed 0.3% higher, lifted by commodities. Oil rose ahead of expectation of a cut in export from Iran. US new home sales of 313,000 annual rate, came in below expectation.
· Dow of 13,080, is capped at 13,270, indicating a small pullback. RSI of 55, has turned down. Caution is on the key support 12,860, which will be negative if breached.
· Dollar Index is lower at 79.3. Downside is at 78.6.
· Crude oil is higher at USD106.8. Support is at 103.0.
· Dollar yen is lower at 82.4 yen. Support is at 81.9.
· Euro/dollar is higher at 1.326. Upside is at 1.347.
· Gold is higher at USD1662. Upside is at 1728.
· Shanghai closed lower at 2,349.
· Singapore STI closed higher at 2,992.
· Ringgit is firmer at 3.065. Downside is at 3.110.
· S’pore ringgit is higher at 2.440. Resistance is at 2.440
· Malaysian market closed higher at 1585. On the Daily chart, it broke the 200 MA of 1506, indicating a further upward push to 1609. Support is at 1550. RSI of 62, is up. Today’s range is between 1580 and 1590.
· CPO May futures is higher at RM3417. Support is at 3300.
· Trading : HWGB ( 9601 : 0.405 ) : Stop loss 0.39, SAAG ( 9652 : 0.075 ) : Stop loss 0.065, AT ( 0072 : 0.30 ) : Profit taking, LEESK ( 8079 : 0.18 ) : Stop loss 0.15
Brought to you by Jupiter Securities Research 26 March 2012
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