Trader's Comment: CPO futures ended below 1900 level after a choppy trading in range bound mode.

CPO futures ended below 1900 level after a choppy trading in range bound mode. Market sentiment had remained uncertain with easier tone through out the day as traders were cautiously awaiting for fresh leads. This caused Benchmark May09 to hover between 1935-1895 level after it opened RM13 lower at 1909, tracking the eCBOT and Dalian palm that edged down through out the day. CPO prices were seen struggling to hold at 1900 level and was tested several times. Nevertheless, the last wave of selling activity in late trading sent Benchmark May09 to hit intra day low at 1892 before it finally settled RM27 lower at 1895.

Trader's Highlight

FCPO-JAKARTA, Feb 16 (Reuters) - Malaysian crude palm futures retreated from a five-week high to finish 3.6 percent lower on Monday as news of weak exports sparked profit-taking, traders said.

The day also saw trading briefly suspended due to a technical glitch.

The benchmark May contract fell 72 ringgit or 3.6 percent to 1,922 ringgit ($532) per tonne, after going as high as 2,017 ringgit, the highest since Jan. 7.

REGIONAL EQUITIES-BANGKOK, Feb 16 (Reuters) - Most Southeast Asian stock markets fell on Monday as fears of a worsening global recession continued to stifle demand for equities, dragging down financial shares such as Singapore's DBS and Thailand's Bangkok Bank.

Singapore's Straits Times Index <.FTSTI> led the losers, falling 1.3 percent after posting a 1.2 percent gain last Friday, with banking and commodity blue chips leading decliners.

Malaysian shares <.KLSE>, the best performers in the region so far this year, ended 0.3 percent lower, while the Philippines <.PSI> eased 0.2 percent and Vietnam <.VNI> dropped 0.8 percent, at one stage hitting its lowest since October 2005. Thai stocks <.SETI>, however, bucked the trend to rise 0.2 percent and Indonesian shares <.JKSE> gained 0.24 percent.

KLSE Daily: Steady

Market remains steady and moving in tight range. We look for the resistance at 910-920. Downside support is at 895-890.

FKLI Daily: Struggling above 900 mark

Market continue to hold ground above 900 mark. We now looking for the upside at 920-925. Support is at 885-880.

FCPO Daily: Tough resistance at 2058

Market surrendered all its earlier gain after failed to sustain above 2000 mark. Upside resistance at 2058 looks tough to test. Thus, market may retreat after the recent rebound. We are now looking for the downside support at 1907-1900 followed by 1860-1850.