YOUR MORNING COFFEE ' Thursday 15/3/2012

SUMMARY
'' Wall St closed 0.1% higher, a pause after the upkick of the previous day. US Fed said that most banks would be able to weather another recession hit except for 4 banks. Technology stocks rose due to upbeat
outlook. China said that it will not ease the housing curbs.
'' Dow of 13,194, is targeting 13,279. Previous high is 14,198. RSI of 68, is on a spike up. Caution is on the key support 12,970, which will be negative if breached.
'' Dollar Index is higher at 80.6. Upside is at 81.0.
'' Crude oil is lower at USD105.4. Support is at 101.0.
'' Dollar yen is higher at 83.7 yen. Resistance is at 85.6.
'' Euro/dollar is lower at 1.303. Support is at 1.292.
'' Gold is lower at USD1642. Downside is at 1625.
'' Shanghai closed lower at 2,391.
'' Singapore STI closed higher at 3,026.
'' Ringgit is weaker at 3.065. Downside is at 3.110.
'' S'pore ringgit is higher at 2.415. Resistance is at 2.430
'' Malaysian market closed higher at 1575. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1609. Support is at 1550. RSI of 58, is neutral. Today's range is between
1570 and 1582.
'' CPO April futures is higher at RM3380. Resistance is at 3400.
'' Trading : FFHB ( 8605 : 0.17 ) : Stop loss 0.15, POHUAT ( 7088 : 0.41 ) : Stop loss 0.395, WONG ( 7050 : 0.33 ) : Targeting 0.46, HWATAI ( 8478 : 0.64 ) : Stop loss 0.58


Source:Jupiter Securities Research 15 March 2012