YOUR MORNING COFFEE ' Wednesday 7/3/2012

SUMMARY
'' Wall St closed 1.5% lower, due to rising yields on European bonds, and 0.3% growth contraction of the Q'2011 in Europe. And there is also the employment figure Friday.
'' Dow of 12,759, is targeting 13,279. Previous high is 14,198. RSI of 44, is weakening. Caution is on the key support 12,670, which will be negative if breached.
'' Dollar Index is higher at 79.8. Resistance is at 80.3.
'' Crude oil is lower at USD104.7. Support is at 101.0.
'' Dollar yen is lower at 80.8 yen. Support is at 78.9.
'' Euro/dollar is lower at 1.311. Support is at 1.297.
'' Gold is lower at USD1672. Downside is at 1625.
'' Shanghai closed lower at 2,410.
'' Singapore STI closed lower at 2,933.
'' Ringgit is weaker at 3.036. Support is at 3.110.
'' S'pore ringgit is lower at 2.393. 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 74, is overbought. Today's range is between 1580 and 1590.
'' CPO April futures is higher at RM3252. Support is at 3023.
'' Trading : TECFAST ( 0084 : 0.145 ) : Targeting 0.16, PADINI ( 7052 : 1.48 ) : Stop loss 1.35, MUDAJYA ( 5085 : 2.94 ) : Targeting 3.22, GOCEAN ( 0074 : 0.305 ) : Targeting 0.42

Source: Jupiter Securities Research 7 March 2012