Trader's Comment:Volatility in FCPO continues as prices plunged 8% at on stage

Volatility in FCPO continues as prices plunged 8% at on stage. Good export figures failed to lift the prices as players remained concern over default cases. Sharp drop in e-CBOT, Dalian palm and soyoil futures prices coupled with lower crude oil prices trading in Asian time zone led benchmark Oct08 prices dived to crack below 2400 at 2392 before the end of morning session.

FCPO weekly: no chance to rebound

Steep fall with no chance to rebound as market closed with a long black candle again. We now look for the 1st support at 2315-2314 followed by 2235-2227. While, resistance is at 2728.

FKLI weekly: do you think 1086.5 -1083 manage to defend?

Market remained under pressure, looks may continue to move lower and may want to test the 1st underline support at 1086.5-1083. violation of it may come to the next support at 1050-1045.5. Resistance is at 1148.5-1150.

KLSE weekly: testing the underline support at 1089-1090

KLSE remained in bearish zone and may want to test the underline support at 1089-1090. Resistance is at 1148-1153.

Sinking of FCPO

FCPO violated physiological support at 2500 and tested 2400 mark. As for now, we look for the downside support at 2314-2287. Resistance is pegged at 2619-2557 (gap left over this morning).

FKLI is targetting the year low at 1086.5-1083

FKLI hourly tested 1095. Market may continue to move lower and target the year low at 1086.5-1083.5. For upside, immediate resistance remained at 1113.5-1114.

KLSE hourly eyeing 1092-1089

KLSE losing ground further. Looks is eyeing support at 1092-1089. Immediate resistance is at 1112-1113.

Breaking news-RTRS-China soybean washout to ease as price rebounds

BEIJING, Aug 14 (Reuters) - A recovery in Chinese soyoil and meal prices over the past two days may help slow cancellations of soybean cargoes by importers, but imports are still expected to be low in September and October on weak consumption.

Breaking news-RTRS-U.S. NOPA July vs June 08

RTRS-U.S. July soyoil stocks 2.367 bln lbs vs June 2.449 bln-NOPA
RTRS-U.S. July soymeal exports 563,989 tons vs June 545,134 tons-NOPA
RTRS-U.S. July soybean crushings 133,034 mln bu vs June 133,513 mln-NOPA

Trader's Highlight

DJI-NEW YORK, Aug 14 (Reuters) - U.S. stocks rose in thin trade on Thursday as another decline in the price of oil buoyed hopes that consumer spending will recover and financial shares bounced back from a sharp two-day sell-off.

The Dow Jones industrial average <.DJI> rose 82.97 points, or 0.72 percent, to 11,615.93, while the Standard & Poor's 500 Index <.SPX> climbed 7.10 points, or 0.55 percent, to 1,292.93. The Nasdaq Composite Index <.IXIC> was up 25.05 points, or 1.03 percent, at 2,453.67.

NYMEX-NEW YORK, Aug 14 (Reuters) - U.S. oil futures fell on Thursday as the dollar strengthened amid concerns about euro zone economic weakness and rising U.S. inflation.

On the New York Mercantile Exchange, September crude fell 99 cents, or 0.85 percent, to settle at $115.01 a barrel, trading from $112.59 to $117.42.

CBOT-SOYBEANS - September down 24-1/2 cents at $12.45-1/2 a bushel; new-crop November down 10 at $12.74. August expired 24-1/2 cents lower at $12.45-1/2.
Disappointing weekly export sales data and monthly crush reported by U.S. industry group weighing on prices. Tight 2007/08 and 2008/09 U.S. ending stocks underpin prices.

National Oilseed Processors Association said its members crushed 133.034 million bushels of soybeans in July, below estimates for 136.5-142.2 million.

SOYOIL - September down 0.35 cent at 52.12 cents per lb. August expired 1.04 cents per lb lower at 51.25 cents per lb. Profit-taking, following soybeans. Daily trading limit
expanded to 3.5 cents.

NOPA U.S. July soyoil stocks 2.367 billion lbs, down from 2.449 billion in June and within trade expectations for a 60-100 million lb drop.

FCPO-KUALA LUMPUR, Aug 14 (Reuters) - Malaysian crude palm oil futures soared as much as 4.2 percent on Thursday, recovering from 10-month lows as gains in crude oil seeped into vegetable oils markets, dealers said.

The benchmark October contract on the Bursa Malaysia Derivatives Exchange rose as high as 108 ringgit or 4.2 percent to 2,656 ringgit ($798) a tonne. The contract then settled up 72 ringgit at 2,620 ringgit.

REGIONAL EQUITIES-SINGAPORE, Aug 14 (Reuters) - Most Southeast Asian stock markets edged higher on Thursday, as stronger crude prices bolstered resource-related shares but inflation worries weighed on banks and property shares.

Jakarta <.JKSE> gained 2.1 percent on a rebound in resource shares, while Thailand <.SETI> climbed 0.6 percent on energy.Singapore <.FSTI> and the Philippines <.PSI> edged 0.2 percent up, while Malaysia <.KLSE> dipped 0.3 percent on banks.

DJI in sideways move

DJI in sideways move. We continue to look for the resistance and support at 11782 and 11416 level respectively.