YOUR MORNING COFFEE ' Friday 24/2/2012

Brought to you by Jupiter Securities Research

SUMMARY
'' Wall St closed 0.36% higher, following good jobs number, and thefourth month of rising German business conditions. The US weekly initial jobless claims rose to 351,000, better than expected.
'' Dow of 12,984, is targeting 13,279. Previous high is 14,198. Cautionis on the key support 12,670, which will be negative if breached. RSI of 66, remains positive.
'' Dollar Index is lower at 78.6. Support is at 77.9.
'' Crude oil is higher at USD107.4. Resistance is at 114.0.
'' Dollar yen is lower at 79.9 yen. Resistance is at 81.7.
'' Euro/dollar is higher at 1.336. Resistance is at 1.354.
'' Gold is higher at USD1786. Upside is capped at 1827.
'' Shanghai closed higher at 2,409.
'' Singapore STI closed lower at 2,965.
'' Ringgit is firmer at 3.014. Downside is at 3.110.
'' S'pore ringgit is lower at 2.408.
'' Malaysian market closed lower at 1556. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1576. Support is at 1556. RSI of 61, is weakening. Today's range is between 1553 and 1563.
'' CPO April futures is lower at RM3238. Support is at 3023.
'' Trading : PADINI ( 7052 : 1.35 ) : Take profit
                ORIENT ( 4006 : 6.32 ) : Targeting 6.47
                UOADEV ( 5200 : 1.50 ) : Targeting 1.60
               AIRASIA ( 5099 : 3.58 ) : Take profit


Source:Jupiter Securities Research 24 Febuary 2012