FCPO Daily: sideways

Market remains sideways. Resistance and support is remained at 1727-1734 and 1548-1539 level respectively.

FKLI Daily: is a Bear trap

Market reversed after yesterday of bear rebound. Market looks facing strong resistance at 927-931 level. A break below of the triangle support line may give more room to downside potential. We continue to look for the immediate support at 863.5-862.5 followed by 843-839.

KLSE Daily: fail to cover upside gap

Market failed to cover its upside gap at 905-913,gap left over since 5th Nov, 2008. Looks it may due for a consolidation phase in near term. We currently maintain the support at 868-867 followed by 850-848.

Breaking News-DJ-Dorab Mistry - CPO prices haven't bottomed out yet, may fall to MYR1,200

KUALA LUMPUR (Dow Jones)--Crude palm oil prices haven't bottomed out so far
and may fall to MYR1,200 a metric ton incase crude oil falls to $50 a barrel,
Dorab Mistry, a London-based vegetable oils analyst, said Tuesday.
CPO prices may hover around MYR1,600/ton provided crude oil trades at $80/barrel, Mistry said addressing the China International Oils and Oilseed Conference in Guangzhou.

Breaking News-RTRS-Palm may slide to 1,200 rgt if crude hits $50 - Mistry

KUALA LUMPUR, Nov 11 (Reuters) - Malaysian crude palm oil futures could slide by a quarter to 1,200 ringgit per tonne if U.S. crude oil prices decline to $50 a barrel while the health of the global economy worsens, top industry analyst Dorab Mistry said on Tuesday.

Breaking News-RTRS-Nov 10 U.S. soy, wheat, corn highlights - USDA

10Nov08 -US CROP 2008/09-CORN 12.020 BLN BU, SOYBEANS 2.921 BLN BU, ALL WHEAT 2.500 BLN BU-USDA
10Nov08 -US EXPORTS 2008/09-CORN 1.900 BLN BU, SOYBEAN 1.020 BLN BU, WHEAT 1.000 BLN BU-USDA
10Nov08 -US END STOCKS 2008/09-CORN 1.124 BLN BU, SOYBEAN 205 MLN BU, WHEAT 603 MLN BU-USDA
10Nov08 -US CROP YIELDS 2008/09-CORN 153.8 BU/ACRE, SOYBEANS 39.3 BU/AC, WHEAT 44.9 BU/AC

Breaking News-RTRS-UPDATE 2-INTERVIEW-India's STC chief: govt veg oil imports stop

NEW DELHI, Nov 10 (Reuters) - The State Trading Corp of India has stopped importing edible oils for the government as states are reluctant to lift the stocks as local prices have fallen, the government-run company's chairman said on Monday.

Breaking News-RTRS-Greenpeace says blocks palm oil ships in Indonesia

JAKARTA, Nov 10 (Reuters) - Greenpeace has blocked three tankers due to transport crude palm oil to China and Europe from leaving an Indonesian port in a bid to highlight deforestation caused by the cash crop, the environmental group said on Monday.

Breaking News-RTRS-INTERVIEW-Rise in weeks in certified non-rain forest palm oil

HAMBURG, Nov 10 (Reuters) - Exports of palm oil, certified as produced using farming which has not involved destroying tropical rain forests is expected to rise in coming weeks, the head of German edible oil industry association OVID said on Monday.

Trader's Highlight

DJI-NEW YORK, Nov 10 (Reuters) - U.S. stocks fell in tepid volume on Monday, as investors worried about the outlook for a raft of companies from General Motors to Goldman Sachs in a harsh economic environment, stifling early
enthusiasm for a Chinese stimulus plan.

The financial sector led the way lower after Barclays Capital analysts said they expect Goldman Sachs to post a quarterly loss for the first time in its history due to steep equity market declines. Goldman's shares lost more than 8 percent.

The Dow Jones industrial average <.DJI> fell 73.27 points, or 0.82 percent, to 8,870.54, while the Standard & Poor's 500 Index <.SPX> dropped 11.78 points, or 1.27 percent, to 919.21. The Nasdaq Composite Index <.IXIC>was down 30.66 points, or 1.86 percent, at 1,616.74.

NYMEX-NEW YORK, Nov 10 (Reuters) - U.S. crude futures ended higher in see-saw trading on Monday, with worries about a global downturn offset by China's stimulus plan.

News that Saudi Arabia told Asian refineries it would cut December supplies by 5 percent in compliance with an OPEC plan to reduce output was also supportive.
On New York Mercantile Exchange, December crude settled up $1.37, or 2.24 percent, at $62.41 a barrel, trading from $59.10, the lowest since prices hit $56.10 on March 20, 2007, to $65.56.

CBOT-SOYBEANS - November up 28-1/4 cents at $9.40 per bushel; January up 27 at $9.48.

Support from China's stimulus plan and gains in crude oil. Neutral reaction to USDA's November crop production and supply/demand reports.

USDA estimated 2008 U.S. soy production at 2.921 billion bushels, above an average of analysts' estimates for 2.919 billion and below the USDA's forecast in October for 2.938 billion.

USDA trimmed its average soybean yield estimate to 39.3 bushels per acre, down from 39.5 bpa in October.

USDA pegged 2008/09 U.S. soy ending stocks at 205 million bushels, above an average of analysts' estimates for 194 million and unchanged from the USDA's forecast in October

CBOT-SOYOIL - December up 1.48 cent at 35.38 cents per lb. Support from USDA cutting its forecast for 2008/09 soyoil ending stocks.

FCPO-JAKARTA, Nov 10 (Reuters) - Malaysian crude palm oil futures ended up 1 percent on Monday after surging earlier in the session as record stock levels partly offset the impact of gains in U.S. crude oil markets.

The benchmark January contract on the Bursa Malaysia Derivatives Exchange settled up 17 ringgit at 1,626 ringgit a tonne, unchanged from the midday break, having risen as much as 87 ringgit, or 5.4 percent, in early trade.

REGIONAL REGIONAL-BANGKOK, Nov 10 (Reuters) - Most Southeast Asian stock markets climbed on Monday, with Singapore rising more than 1 percent, led by financial shares such as DBS Group , and palm planter IOI Corp leading gains in Malaysia.

Investors were cheered by China's $600 billion economic stimulus plan, the latest of many plans around the world aimed at limiting the economic fallout from the financial crisis.

Singapore's Straits Times Index <.FTSTI> closed 1.16 percent higher, while the Kuala Lumpur Composite Index <.KLSE> ended 1.15 percent higher.

Indonesian stocks <.JKSE> added 0.17 percent, the Philippines' benchmark index <.PSI> rose 0.92 percent and Vietnam shares <.VNI> inched up 0.01 percent. But Thai shares <.SETI> bucked the trend, falling 1.59 percent after a two-day rise.

DJI Daily: in triangle formation

Market continue to stuck in a triangle formation. Key resistance and support is at 9794-9653 and 8143-7882 level respectively. Violation of either one may bring a clearer direction to the market.