YOUR MORNING COFFEE ' Thursday 22/3/2012

SUMMARY
'' Wall St closed 0.3% lower, due to poor housing data. There was a 0.9% dip in existing home sales in February.
'' Dow of 13,124, is capped at 13,270, indicating a small pullback. RSI of 59, has turned down. Caution is on the key support 12,970, which will be negative if breached.
'' Dollar Index is unchanged at 79.5. Downside is at 79.1.
'' Crude oil is higher at USD107.2. Support is at 103.0.
'' Dollar yen is lower at 83.2 yen. Support is at 81.9.
'' Euro/dollar is lower at 1.321. Support is at 1.292.
'' Gold is higher at USD1650. Downside is at 1625.
'' Shanghai closed higher at 2,378.
'' Singapore STI closed higher at 3,005.
'' Ringgit is weaker at 3.081. Downside is at 3.110.
'' S'pore ringgit is higher at 2.437. Resistance is at 2.440
'' Malaysian market closed higher at 1582. On the Daily chart, it broke the 200 MA of 1506, indicating a further upward push to 1609. Support is at 1550. RSI of 60, is neutral. Today's range is between 1576 and 1586.
'' CPO May futures is higher at RM3374. Support is at 3300.
'' Trading : GREENYB ( 0136 : 0.27 ) : Targeting 0.30, PJI ( 7122 : 0.17 ) : Consolidation breakout, INGENS ( 0034 : 0.13 ) : Targeting 0.19, YTLPOWR ( 6742 : 1.83 ) : Targeting 2.06

 Source:Jupiter Securities Research 22 March 2012