Indonesian Market Recap
JCI closed higher yesterday after the release of February’s inflation of 3.18% lower than January’s inflation of 3.25%. Top Gainers: Agri (+4.23%), Trade (+1.55%), Infrastructure (+0.48%).

Today’s Outlook: Plunge in Dollar
Today we estimate JCI to rally with the support range of 6577-6583 and resistance range 6635-6641. The positive sentiment derives from the sluggish dollar to the 2-week-lowest position. The decline in dollar ends recent days rally and is triggered by Trump’s statement of aluminum and steel import tariff to be implemented in next week. Global investors concern about Trump’s statement hampering the growth in the U.S. economy.

Download full report HERE.