Trader's Highlight

DJI-NEW YORK, Sept 17 (Reuters) - A measure of global stocks reached an 11-month high on Thursday as economic reports supported themes of recovery, pushing currency investors seeking riskier trades out of U.S. dollars.

But U.S. shares edged lower as some disappointing corporate profits reined in enthusiasm over an economy still seen as vulnerable to rising unemployment.

U.S. indexes shed early gains, with the Dow Jones industrial average <.DJI> down 0.08 percent to 9,783.92. The Standard & Poor's 500 Index <.SPX> declined 0.31 percent to 1,065.49, and the Nasdaq Composite Index <.IXIC> fell 0.15 percent, to 2,080.90.

NYMEX-NEW YORK, Sept 17 (Reuters) - U.S. crude futures ended slightly lower on Thursday, as demand worries amid high inventories offset positive economic data.

An early surge to above $73 fizzled out as traders saw the stock market fall back after rising on reassuring jobless claims and housing reports.

On the New York Mercantile Exchange, October crude settled down 4 cents, or 0.06 percent, at $72.47 a barrel, trading from $71.66 to $73.16.

CBOT-SOYBEANS - November up 2-1/2 cents at $9.53. Nearby months end up as China keeps buying U.S. soybeans with gains limited and pressure on deferred months amid waning worries about frost late next week in the United States that could have harmed the soybean crop.

CBOT-SOYOIL - October up 0.17 cent per lb at 34.55. Short-covering lends support.

FCPO-JAKARTA, Sept 17 (Reuters) - Malaysian crude palm oil futures were little changed Thursday, taking a breather after a two-day rally, as investors squared positions ahead of a long holiday weekend, traders said.

The benchmark December contract on the Bursa Malaysia Derivative Exchange edged up 1 ringgit, or 0.05 percent, at 2,182 ringgit ($629.18) a tonne. Overall volume was 12,959 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Sept 17 (Reuters) - Some Southeast Asian stock markets posted small gains on Thursday after U.S. data brought more signs of recovery, but both Singapore and Thailand failed to hold on to early rises, ending lower.

some investors were quick to book profits and Singapore's index <.FTSTI> closed down 0.07 percent. Thailand <.SETI> lost 0.14 percent. But Malaysia's index <.KLSE> was up 0.5 percent and Indonesia <.JKSE> rose 0.72 percent ahead of a long Muslim holiday starting Friday. It will resume trade next Thursday. The Philippines <.PSI> snapped a three-day fall to finish up 0.12 percent while Vietnam <.VNI> extended its gains into a sixth
day, adding 0.8 percent to its highest since Aug. 27, 2008.

FCPO Daily: Consolidation is taking place

Consolidation mode is likely to extend in near term. Thus, we maintain the upside resistance at 2200-2220 and downside support is pegged at 2119-2122 (leftover gap on 16/9/2009).

CBOT Soyoil Daily: Sideways to bias upside potential

Market momentum strengthen further following prices continue to improve. Hence, market may move into sideways bias to little upside potential in near term. To the upside, resistance is pegged at USD36.19. While, downside support is adjusted to maintain at USD33.00.

NYMEX Crude Daily: Consolidation phase likely to continue

Market tested the USD73 at intra-day basis but not closing. Thus, consolidation phase is likely to continue in near term unless a more significant breakout from the either USD73 or USD67 levels respectively to give a more clearer direction.

SSE Daily: May move higher

Market continue to edge higher and tested the immediate resistance at 3060. Thus, we continue to stick to positive view towards the near term market provided immediate resistance at 3060-3080 violated convincingly. Next resistance will be followed by 3150. While, downside support is maintain at 2900 levels.

FKLI Daily: Still maintain in Bullish tone

Overall technical landscape still remains in bullish tone despite prices gave up its early gains to end off the low. We maintain the upside resistance at 1230-1240 followed by 1250. To the downside, support is maintain at 1200.