YOUR MORNING COFFEE ' Tuesday 13/3/2012

SUMMARY
' Wall St closed 0.3% higher, ahead of the US FOMC tonight, which is expected to leave rates unchanged. China reported huge trade deficits of USD31.5bln in February.
' Dow of 12,959, is targeting 13,279. Previous high is 14,198. RSI of 57, 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 lower at 79.8. Upside is at 81.0.
' Crude oil is lower at USD106.3. Support is at 101.0.
' Dollar yen is higher at 82.4 yen. Resistance is at 83.1.
' Euro/dollar is higher at 1.315. Support is at 1.297.
' Gold is lower at USD1699. Downside is at 1625.
' Shanghai closed lower at 2,434.
' Singapore STI closed higher at 2,966.
' Ringgit is weaker at 3.026. Support is at 3.110.
' S'pore ringgit is lower at 2.396. Resistance is at 2.430
' Malaysian market closed lower at 1564. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609. Support is at 1550. RSI of 52, is weakening. Today's range is between 1560 and 1574.
' CPO April futures is higher at RM3357. Resistance is at 3384.
' Trading : TENAGA ( 5347 : 6.42 ) : Targeting 6.84, SKPRES ( 7155 : 0.54 ) : Targeting 0.63, NWP ( 5025 : 0.24 ) : Targeting 0.35, UEMLAND ( 5148 : 2.26 ) : Targeting 2.47

Source:Jupiter Securities Research 13 March 2012