YOUR MORNING COFFEE ' Tuesday 6/3/2012

SUMMARY
'' Wall St closed 0.1% lower, after China lowered its growth target to 7.5%, from 8%. US ISM services index rose to 57.3, higher than expected. Factory orders in January dropped 1%, less than expected.
'' Dow of 12,962, 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 61, is showing early sign of weakness.
'' Dollar Index is lower at 79.3. Resistance is at 80.3.
'' Crude oil is higher at USD106.7. Resistance is at 114.0.
'' Dollar yen is higher at 81.5 yen. Resistance is at 82.2.
'' Euro/dollar is higher at 1.322. Support is at 1.310.
'' Gold is lower at USD1704. Downside is at 1625.
'' Shanghai closed lower at 2,445.
'' Singapore STI closed lower at 2,990.
'' Ringgit is weaker at 3.013. Support is at 3.110.
'' S'pore ringgit is lower at 2.397. Support is at 2.370
'' Malaysian market closed higher at 1589. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609. Support is at 1579. RSI of 73, is rebounding. Today's range is between 1584 and 1594.
'' CPO April futures is lower at RM3239. Support is at 3023.
'' Trading : LATEXX ( 7064 : 1.58 ) : Targeting 1.80, JOHOTIN ( 7167 : 0.955 ) : Targeting 1.18, FABER ( 1368 : 1.86 ) : Targeting 2.03, POS ( 4634 : 2.66 ) : Targeting 2.92

Source:Jupiter Securities Research 6 March 2012