Trader's Comment: CPO futures ended lower after trading in a choppy manner.

CPO futures ended lower after trading in a choppy manner. Benchmark July09 had failed to fully cover its previous day left over gap as it only climbed to intra day high of 2530 after opened at 2490. Prices then began to ease off due to lack of follow through buying and slid to intra day low at 2422 after second session resumed. The emerged of some bargain hunting activities had managed to support CPO prices. Benchmark July09 bounced back to 2494 before it eased off again to settled RM25 lower at 2456. Market sentiment was filled with uncertainty, as traders were still concern of the outbreak of swine flu in Mexico. Both eCBOT soy oil and Dalian palm edged lower today during Asian time trading. Daily volume also reduced slightly to 16,596 contracts changed hands.

Trader's Highlight

DJI-NEW YORK, April 27 (Reuters) - U.S. stocks fell on Monday on concerns the spreading of a new strain of flu could dampen optimism about the economy, overshadowing a sweeping overhaul of General Motors Corp and gains in biotechnology stocks.

The three major U.S. stock indexes slid in choppy trade as governments around the world moved to contain the spread of a swine flu outbreak that has killed up to 149 people in Mexico and spread to the United States and Canada.

The Dow Jones industrial average <.DJI> fell 51.29 points, or 0.64 percent, to 8,025.00. The Standard & Poor's 500 Index <.SPX> dropped 8.72 points, or 1.01 percent, to 857.51. The Nasdaq Composite Index <.IXIC> shed 14.88 points, or 0.88
percent, to 1,679.41.

NYMEX-NEW YORK, April 27 (Reuters) - U.S. crude oil futures ended lower on Monday, eating up a large part of gains made on Friday, on concerns about the potential impact of a global swine flu outbreak on oil demand and a stronger dollar.

On the New York Mercantile Exchange, June crude settled down $1.41, or 2.74 percent, at $50.14 a barrel, trading from $48.01 to $51.45.

CBOT-SOYBEANS - May down 35-1/2 cents at $10.04-3/4 per bushel.

Potential for cut in feed use by livestock industry if swine flu continues to spread, reducing meat production and weighing on soybean futures.

Trade expecting USDA late on Monday to show U.S. soybean seedings 3 percent, below five-year average of around 4 percent.

CBOT-SOYOIL - May down 0.80 cent at 35.54 cents per lb. Weighed down by swine flu jitters and lower crude oil.

FCPO-KUALA LUMPUR, April 27 (Reuters) - Asian vegetable oil markets slid on Monday as concerns spread over an outbreak of swine flu in Mexico reduced meat and grains demand.

Malaysian crude palm oil futures <0#KPO:> fell as much as 4.3 percent. U.S soyoil for May shipment fell 4.5 percent and the most-active September soyoil contract on Dalian's Commodity Exchange slid 4.9 percent in late Asian hours.

REGIONAL EQUITIES-BANGKOK, April 27 (Reuters) - Most Southeast Asian stock
markets fell on Monday, with Singapore touching a near 3-week low and Malaysia snapping a three-day rally as investors worried about the impact of a growing swine flu outbreak.

The main Singapore index <.FTSTI> closed down 1.9 percent after earlier falling 3 percent to its lowest since April 8. Malaysia <.KLSE> dropped 1.3 percent after rising 3.8 percent over the past three days.

Indonesia <.JKSE> fell for a fifth day, down nearly 1 percent, while the Philippines <.PSI> eased 0.9 percent after a 1.7 percent rise on Friday.

DJI Daily: Still the same

Market continue its sideways move. Thus, we continue to look for the resistance at 8100-8200. While, downside support is pegged at 7700 followed by 7500-7400 level.

KLSE Daily: Missed the 1000 mark

Market looks missed the 1000 mark upside target following a long black candle printed. Thus, market may due for correction in near term. We are now looking for upside resistance at 996-1000. Meanwhile, downside support is pegged at 968-966 (gap left over on 22/4/2009).

FKLI Daily: Dark cloud cover

Market gave up all its early gains after hitting the fresh year high at 1003. Dark cloud cover shows sign of bearish reversal. Thus, market may slow down its upside move to bias sideways to downside potential in near term. As for now, we look for the upside resistance at 1003. While, downside support is pegged at 965-960.

FCPO Daily: Retracement

Market retraced after hitting the recent high at 2648 with a gap down. However, immediate daily technical outlook remains positive provided underline support at 2320-2300 continue to cushion. As for now, we are looking for the upside resistance at 2514-2535 (gap left over on 27/4/2009) followed by 2586-2600. To the downside, immediate support is pegged at 2420-2400.