FCPO likely to continue its range trading

A long upper shadow candle printed after prices failed to sustain at higher end. Range trading likely to continue in near term between 2351 to 2730/50 level.

FKLI stuck in range

FKLI stuck in the range of 1045.5-1083 in near term.

KLSE extended its consolidation phase

Market continue its sideways move. We continue to look for the underline support at 1064.11-1049.88. For upside, resistance remained at 1090.

FCPO looks may want to challenge 2600 mark

Low is getting higher and market is inching up slowly. Looks may have chance to challenge the 1st resistance at 2600 mark. For downside, support is at 2409-2351

FKLI stuck in a triangle

Looks market likely to extend its range trading in near term. We continue to look for the support at 1046.5-1054. For upside, resistance is at 1075-1080.

Range trading continues in KLSE

KLSE continues its range trading between 1064 to 1088.

Breaking News-RTRS-Indonesia planning subsidy for biofuel makers, details to come out in Nov-Agriculture Minister

JAKARTA, Aug 27 (Reuters) - Indonesia is working on a subsidy plan for biofuel makers in order to make its production attractive, and the government will announce details of the plan in November, the agriculture minister said on Wednesday.

Trader's Highlight

DJI-NEW YORK, Aug 27 (Reuters) - U.S. stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.

The Dow Jones industrial average <.DJI> was up 89.64 points, or 0.79 percent, at 11,502.51. The Standard & Poor's 500 Index <.SPX> was up 10.12 points, or 0.80 percent, at 1,281.63. The Nasdaq Composite Index <.IXIC> was up 20.49 points, or 0.87 percent, at 2,382.46.

NYMEX-NEW YORK, Aug 27 (Reuters) - U.S. crude oil futures ended higher for a third day in a row on Wednesday as a looming major storm raised fears of damage to energy facilities in the Gulf of Mexico as it hits by the weekend.

On the New York Mercantile Exchange, October crude settled up $1.88, or 1.62 percent at $118.15 per barrel, trading from $115.64 to $119.63. In three days, the contract has gained $3.56, or 3.1 percent.

CBOT-SOYBEANS - September up 10-1/2 cents at $13.48 a bushel, new-crop November up 3-1/2 cents at $13.48.Gains limited by weakness in wheat and forecasts for increased rains this week across the U.S. Midwest.

U.S. Census Bureau to release July soybean crush data on Thursday; average trade estimate at 140.3 million bushels.

World biodiesel output forecast to grow by 10 to 12 percent annually from the present 9.85 billion liters, with U.S. and Argentine exports expanding, analysts F.O.Licht said.

SOYOIL - September up 0.30 at 54.22 cents per lb.Turned up with soybeans. Higher crude oil underpins.

FCPO-JAKARTA, Aug 27 (Reuters) - Malaysian crude palm oil futures rose 3.8 percent on Wednesday, recovering some of this week's losses due to improved demand and rebounding crude oil prices, dealers said.

The benchmark November crude oil contract settled up 93 ringgit, or 3.86 percent, at 2,502 ringgit ($739) per tonne on the day.

REGIONAL EQUITIES-SINGAPORE, Aug 27 (Reuters) - Thai and Indonesian stock markets rose on Wednesday as financial and resource shares recovered, but Malaysia dropped to a 20-month low as investors considered political risk.

The Kuala Lumpur stock index <.KLSE> eased 0.3 percent to its lowest since December 2006 amid investor unease as opposition leader Anwar Ibrahim, who faces sodomy charges, convincingly won a by-election

Singapore <.FTSTI> gave up 0.1 percent, but Indonesian shares<.JKSE> and Thailand both rose 1.1 percent, while the Philippine index <.PSI> adding 0.3 percent. Vietnam <.VNI> closed flat.