Trader's Highlight

DJI-NEW YORK, Nov 20 (Reuters) - Global stocks slid and the U.S. dollar rose on Friday as investors cut their exposure to risky assets amid signs of an anemic U.S. economic recovery.

The Dow Jones industrial average <.DJI> closed down 14.28 points, or 0.14 percent, at 10,318.16. The Standard & Poor's 500 Index <.SPX> fell 3.52 points, or 0.32 percent, at 1,091.38. The Nasdaq Composite Index <.IXIC> slid 10.78 points, or 0.50 percent, at 2,146.04.

NYMEX-NEW YORK, Nov 20 (Reuters) - U.S. crude oil futures ended lower on Friday, dragged down by a resurgent dollar and as equities dipped on economic recovery worries.

On the New York Mercantile Exchange, December crude expired and settled down 74 cents, or 0.96 percent, at $76.72 a barrel, trading from $76.20 to $77.99.

For the week, front-month crude futures were up 37 cents, or 0.5 percent.
NYMEX January crude settled down 58 cents, or 0.74 percent, at $77.47 a barrel, trading from $76.76 to $78.61.

CBOT-SOYBEANS - January up 7 cents at $10.46 a bushel. Strong demand from China pulled prices higher despite weak crude oil market and firm dollar.

CBOT-SOYOIL - December up 0.26 cent at 39.71 cents per lb. Unwinding of soymeal/soyoil spreads supported market even as crude oil prices fell.

FCPO-JAKARTA, Nov 20 (Reuters) - Malaysian crude palm oil futures rose 2 percent on Friday to close at their highest in more than three months, underpinned by estimates of strong exports in the first 20 days of November, traders said.

The benchmark February contract Bursa Malaysia Derivatives Exchange settled up 48 ringgit at 2,419 ringgit ($714.83) per tonne, a level not seen since Aug. 14.
Overall volume was at 13,093 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, Nov 20 (Reuters) - Singapore stocks edged slightly
higher on Friday as top bank DBS rose after an analyst's upgrade, and Indonesia climbed almost 1 percent, with lenders such as Bank Danamon and Bank Negara rising on an upbeat loan growth outlook.

The Straits Times Index <.FTSTI> ended up 0.1 percent, with DBS Group , Southeast Asia's biggest lender, up 1.8 percent at S$14.86. RBS upgraded its recommendation on the stock to "buy" from "hold" and raised its target price to S$18.

Elsewhere, Malaysia <.KLSE> inched down 0.2 percent, with palm plantation firm KL Kepong down 2.3 percent, while Maybank rose 0.14 percent after Citigroup initiated coverage of Malaysian banks with Maybank as its top pick.

FCPO Weekly: Gaining ground

The end of consolidation phase following market close firm at above 2400 levels. Market has gaining more strength to its upside momentum and looks may want to challenge the recent high at 2521 (high since 16/8/2009). While, downside support is adjusted to 2305-2285(gap left over since 22/11/2009).

DJI Weekly: Inching up slowly

Market manage to stay firm above 10,300 levels had strengthen further the overall immediate technical landscape. Thus, we are now look for the upside resistance at 10,500-10,800. To the downside, support is remains at 10,000.

FKLI Weekly: Still the same

Nothing much improvement as market continue holding ground. Hence, up-trend remains intact in near term. We still looking for the upside resistance at 1300 followed by 1314.5-1348 (gap left over on 3/9/2008). While, downside support is pegged at 1250 followed by 1230.