YOUR MORNING COFFEE ' Monday 5/3/2012

SUMMARY
'' Wall St closed 0.02% lower. Markets continued to maintain at the current levels, following the bailout of Greece, and the ECB pumping cash into European banks. And EU has finally signed the fiscal compact, which will impose budgetary discipline among members.
'' Dow of 12,977, 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 63, is showing early sign of weakness.
'' Dollar Index is higher at 79.4. Resistance is at 80.3.
'' Crude oil is lower at USD106.7. Resistance is at 114.0.
'' Dollar yen is higher at 81.7 yen. Resistance is at 82.2.
'' Euro/dollar is lower at 1.320. Support is at 1.310.
'' Gold is lower at USD1709. Downside is at 1625.
'' Shanghai closed higher at 2,460.
'' Singapore STI closed higher at 2,987.
'' Ringgit is weaker at 3.010. Resistance is at 2.96.
'' S'pore ringgit is lower at 2.404. Support is at 2.370
'' Malaysian market closed higher at 1583. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1594. Support is at 1566. RSI of 72, is rebounding. Today's range is between 1580 and 1590.
'' CPO April futures is lower at RM3253. Support is at 3023.
'' Trading : MUDAJYA ( 5085 : 2.84 ) : Targeting 3.18, DATAPRP ( 8338 : 0.37 ) : Targeting 0.44, TIMECOM ( 5031 : 0.75 ) : Targeting 0.82, AXIATA ( 6888 : 5.18 ) : Stop loss 5.06


Source: Jupiter Securities Research 5 March 2012