Breaking News-RTRS-Palm seen at 2,625 rgt/T by April on $75/bbl crude -Fry

RTRS-MALAYSIAN PALM OIL PRICES WILL HIT 2,625 RGT/T BY APRIL IF BRENT CRUDE STEADIES AT $75 A BARREL -ANALYST FRY
RTRS-PALM OIL PRICES WILL MOVE TO 2,350 RGT/T BY APRIL IF BRENT CRUDE DROPS TO $65 -FRY
RTRS-Palm seen at 2,625 rgt/T by April on $75/bbl crude -Fry

Trader's highlight

DJI-NEW YORK, Nov 6 (Reuters) - U.S. stocks rose 3 percent for the week after ending Friday's session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent -- the highest in 26-1/2 years.

The Dow Jones industrial average <.DJI> gained 17.46 points, or 0.17 percent, to end at 10,023.42. The Standard & Poor's 500 Index <.SPX> rose 2.67 points, or 0.25 percent, to 1,069.30. The Nasdaq Composite Index <.IXIC> added 7.12 points, or 0.34 percent, to close at 2,112.44.

NYMEX-NEW YORK, Nov 6 (Reuters) - U.S. crude futures finished nearly 3 percent lower on Friday, after government data showing the unemployment rate at its highest in 26-1/2 years sparked more worries about petroleum demand.

Losses deepened from Thursday, when oil futures fell in a delayed reaction to midweek's government inventory data showing U.S. total oil product demand over the past four weeks was down 4.5 percent from a year ago.

On the New York Mercantile Exchange, crude for December delivery settled down $2.19, or 2.75 percent, at $77.43 a barrel, after trading from $76.71 to $80.34. For the week, front-month prices are up 43 cents, or 0.56 percent.

CBOT-SOYBEANS - November down 19 cents at $9.48 a bushel; January down 17 at $9.55. Pressured by good U.S. harvest weather, prospects for a record large U.S. soy crop and lower crude oil.

CBOT-SOYOIL - December down 0.41 cent per lb at 36.77 cents; deferreds down 0.40 to 0.42. Pressured by falling soybeans and lower crude oil.

FCPO-JAKARTA, Nov 6 (Reuters) - Malaysian crude palm oil futures finished flat on Friday, giving up gains of more than one percent as investors liquidated long postions ahead of the weekend, traders said.

The benchmark January palm oil contract on the Bursa Malaysia Derivatives Exchange edged down 1 ringgit, or 0.04 percent, at 2,246 ringgit ($660.59) per tonne, after going as high as 2,275 ringgit, a level not seen since Sept. 2 and a low of 2,230 ringgit. Overall volume was 9,137 lots of 25 tonnes each, lower than the usual 10,000 lots.

REGIONAL EQUITIES-BANGKOK, Nov 6 (Reuters) - Most major Southeast Asian stock
markets rose on Friday, with solid earnings from DBS, Thai Oil and others providing support in Singapore and Thailand, and blue chips elsewhere coming off recent lows.

Fewer jobless claims in the U.S. and estimate-beating results prompted most markets in the region to rise over 1 percent, with Thailand <.SETI> gaining 2.5 percent and Singapore <.FTSTI> up 1.1 percent, both hitting their highest levels of the week.

In Kuala Lumpur, the index <.KLSE> eked out a small gain of 0.5 percent, with gaming group Genting up 1.4 percent after a top executive said the company was on track to launch a new casino in Singapore by January next year.

FCPO Weekly: Consolidation phase is likely to continue

Consolidation phase is likely to continue in near term despite prices tested the immediate upside resistance at 2250. As for now, we are looking for the immediate upside resistance at 2350. While, downside support is pegged 2130 followed by 2108-2100 (unfilled gap left over since 18/10/2009).

FKLI Weekly: Stayed firm at above 1230 levels

Market looks firm to survive at above 1230 levels. Thus, consolidation phase will likely to continue in near term with upside resistance remains at 1273.5 followed by 1300. While, to the downside, immediate support is stood to 1230 followed by 1200.