FCPO in triple digit losses

FCPO plunged to end with triple digit losses. We now look for the support at 3156. For upside, resistance is at 3335-3358 (gap left over today).

Market tone: weak

FKLI recover from early losses

FKLI recovered from early losses to end in positive territory on short covering interest emerged. Market may want to consolidate in near term. We look for the support at 1083 and resistance at 1120-1125.

Market view: cover short

KLSE ended off from year low

KLSE remains in bearish mode despite prices recover and rebound from the year low.

Market tone: weak

FKLI ended firm by midday break

FKLI ended in positive territory by midday break despite KLSE hit record year low at 1089.47. Market was try to stabilize around 1090 level.

Market view: cover short

FCPO hourly broke 3,300 mark

FCPO hourly tumbled after the opening gap down RM 72 and broke the 3,300 mark. We now look for the support at 3156. while, resistance is at 3335-3378 (gap left over this morning).

Market tone: weak

KLSE violate 1,100 mark

KLSE violated 1,100 mark and heading to southern direction. Market likely to test the support at 1090.39 in near term.

Market tone: weak

Breaking News-China soy, meal market weak, grains strong-survey

BEIJING, July 18 (Reuters) - China's soy and soy products markets were expected to turn bearish in the coming week due to ample supplies, while the outlook for grains stayed strong amid tight supplies and higher transport costs, a survey by an official think-tank showed on Friday.

Heavy arrivals of soybeans in June coupled with a price decline for soyoil and soymeal were expected to reduce interest among crushers in the purchase of more oilseed, the China National Grain and Oils Information Centre (CNGOIC) said.

Trader's Highlight

DJI-NEW YORK, July 18 (Reuters) - Favorable results from No. 1 U.S. bank Citigroup and technology leader IBM drove the Dow higher on Friday, but the Nasdaq fell on disappointing results from tech icons Google and Microsoft.The Dow Jones industrial average <.DJI> closed up 49.91 points, or 0.44 percent, at 11,496.57. The Standard & Poor's 500 Index <.SPX> added 0.34 points, or 0.03 percent, at 1,260.66. The Nasdaq Composite Index <.IXIC> fell 29.52 points, or 1.28 percent, at 2,282.78.

NYMEX-NEW YORK, July 18 (Reuters) - U.S. crude oil futures ended lower for the fourth consecutive session on Friday, as demand worries continued, brushing aside storm fears and anxiety over a weekend meeting between world powers and Iran.August crude settled down 41 cents, or 0.32 percent, at $128.88 a barrel.

CBOT-SOYBEANS - August down 51 cents at $14.70 per bushel;new-crop November down 50 at $14.48.Pressured by news Argentine government repealed a tax on soy exports.

SOYOIL - August down 1.33 cents at 62.09 cents per lb.Pressed by the weakness in soybeans.

FCPO-KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended 1.3% lower Friday, plunging to a fresh 10-week low as investors resorted to selling, mainly driven by weak overnight crude oil and speculation over a likely rise in soybean oil supply from Argentina.The benchmark October contract on the Bursa Malaysia Derivatives ended MYR43 lower at MYR3,392/ton after reaching an intraday low of MYR3,358/ton.

Regional equities-Asian markets fell on Friday and closed lower on the week on persistent worries about the global credit crisis and slowing economic growth, with political uncertainty adding to pressure on Thai and Malaysian stocks.

For the week, Indonesia <.JKSE> dropped 6 percent, Malaysia <.KLSE> gave up 3.9 percent, Singapore <.FTSTI> fell 2.5 percent, and the Philippine index <.PSI> shed 2 percent.

DJI weekly on short term technical rebound

DJI weekly ended with a long white candle following prices rebound after hit the year low. Overall weekly technical landscape remains bearish.

Market tone: weak