YOUR MORNING COFFEE ' Tuesday 27/3/2012
SUMMARY
'' Wall St closed 1.2% higher, as US Fed hinted on low interest rates prevailing, on comment of sustaining employment.
- Dow of 13,241, has completed its small pullback at 13,002, indicating a resumption of upmove. The all time high is at 14,198. RSI of 63, has turned up. Caution is on the key support 12,860, which will be negative if breached.
- Dollar Index is lower at 78.9. Downside is at 78.6.
- Crude oil is higher at USD107.0. Support is at 103.0.
- Dollar yen is higher at 82.8 yen. Support is at 81.9.
- Euro/dollar is higher at 1.335. Upside is at 1.347.
- Gold is higher at USD1685. Upside is at 1728.
- Shanghai closed higher at 2,350.
- Singapore STI closed lower at 2,982.
- Ringgit is firmer at 3.066. Downside is at 3.110.
- S'pore ringgit is higher at 2.440. Resistance is at 2.440.
- Malaysian market closed lower at 1582. On the Daily chart, the upside of 1609 remains intact, with support at 1573. RSI of 60, is down. Stochastic is on a small pullback. Today's range is between 1578 and 1588.
- CPO May futures is higher at RM3468. Resistance is at 3630.
- Trading : PTGTIN ( 2208 : 0.325 ) : Consolidation breakout, AIRASIA ( 5099 : 3.46 ) : Limited downside, BTECH ( 0011 : 0.155 ) : Consolidation breakout, SILKHLD ( 5078 : 0.415 ) : Technical rebound
Source:Jupiter Securities Research 27 March 2012