YOUR MORNING COFFEE ' Monday 12/3/2012

SUMMARY
'' Wall St closed 0.1% higher, as private Greek bond holders accepted a plan to restructure. And US unemployment remained at 8.3%, with
227,000 jobs added in February, higher than expected.
'' Dow of 12,922, is targeting 13,279. Previous high is 14,198. RSI of 55, is on a spike up, indicating a likely retest on the 13,000 level. Caution is on the key support 12,670, which will be negative if breached.
'' Dollar Index is higher at 79.9. Upside is at 81.0.
'' Crude oil is higher at USD107.4. Support is at 101.0.
'' Dollar yen is higher at 82.4 yen. Resistance is at 83.1.
'' Euro/dollar is lower at 1.312. Support is at 1.297.
'' Gold is higher at USD1711. Downside is at 1625.
'' Shanghai closed higher at 2,439.
'' Singapore STI closed lower at 2,963.
'' Ringgit is weaker at 3.019. Support is at 3.110.
'' S'pore ringgit is lower at 2.396. Resistance is at 2.430
'' Malaysian market closed higher at 1579. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609.
Support is at 1566. RSI of 63, is weakening. Today's range is between 1576 and 1586.
'' CPO April futures is higher at RM3357. Resistance is at 3384.
'' Trading : LEESK ( 8079 : 0.20 ) : Targeting 0.28, SALCON ( 8567 : 0.56 ) : Targeting 0.64, CAB ( 7174 : 0.42 ) : Targeting 0.54, JASKITA ( 8648 : 0.16 ) : Targeting 0.20


Source:Jupiter Securities Research 12 March 2012