Tuesday, January 5, 2010

Trader's Highlight

DJI-NEW YORK, Jan 4 (Reuters) - U.S. stocks climbed broadly on Monday after a report showed the manufacturing sector expanded for a fifth straight month, lifting confidence in the global economy as investors eye fourth quarter earnings.

The rally, which marked the first trading day of 2010, drove both the Dow and the S&P 500 to their highest closes in 15 months, while the Nasdaq ended at a 16-month high.

NYMEX-NEW YORK, Jan 4 (Reuters) - U.S. crude oil futures rose on Monday for the eighth day in a row, as cold weather was seen boosting heating demand, Russia and Belarus feuded over oil pricing and signs of manufacturing strength fed hopes for more energy demand. The weaker dollar also helped lift oil prices to start the
new year.

On the New York Mercantile Exchange, February crude settled up $2.15, or 2.71 percent, at $81.51 a barrel, the highest settlement since Oct. 9, 2008's $86.59. It traded from $79.63 to $81.68, the highest since prices hit an intraday
peak of $81.78 on Oct. 23, 2009.

CBOT-CHICAGO, Jan 4 (Reuters) - Chicago Board of Trade grains and soy complex close on Monday.

CBOT-SOYBEANS - January up 9-3/4 cents at $10.49-1/2 a bushel; March up 9-1/2 at $10.58. Weak dollar, higher crude oil and gold give support to soy in addition to continued buying of U.S. soy by China. Soy rallies to highest spot price since Dec. 16, but profit-taking pushes market off day's highs.

CBOT-SOYOIL - January up 0.55 cent at 40.90 cents per lb; March up 0.51 at 41.29 cents. Following soybeans with weak dollar and firm crude oil lending support.

FCPO-KUALA LUMPUR, Jan 4 (Reuters) - Malaysian crude palm oil futures rose 0.6 percent on Monday, propelled by crude oil's advance to $81 a barrel and expectations of strong food demand in the first quarter of this year.

Palm oil prices extended gains on the first trading day of 2010 after posting their largest annual climb in more than a decade last year and traders say festival demand from China will boost the market further.

REGIONAL EQUITIES-BANGKOK, Jan 4 (Reuters) - Stock markets in Singapore,
Thailand and the Philippines fell on the first trading day of
2010, but optimism over the global economy encouraged buying of
blue chips in Indonesia and Malaysia.

Singapore's benchmark stock index <.FTSTI> ended 2009 at its
highest level in 17 months but retreated 0.11 percent on Monday
after weaker-than-expected fourth-quarter GDP.

Malaysia's main index <.KLSE>, the region's worst performer,
rose 0.23 percent to a six-week high, pushed up by buying of palm
plantation firm Sime Darby Bhd and second-largest
lender CIMB Group .

CBOT Soyoil Daily: More room to bias upside potential


Market violated the upside resistance at Usc41.40 and and end off the high. Thus, we may foresee more room to bias upside potential in near term with upside is projected at Usc42.23-42.48 (gap left over on 6/10/2008)followed by USc43.50-43.80. To the downside, support is lies at USc40.00-39.50.

NYMEX Crude Daily: Bias to upside potential


A strong rallied with printed a a long white candle had beautified the immediate technical outlook to bias upside potential while waiting for a significant breakout from the recent high at USD82.00. Next resistance will be looking at USD85.00 to 90.00. Downside support is pegged at USD79.00.

FCPO Daily: Forming a concrete base at 2600 levels


Market continue to build up a concrete base at 2600 levels for a sustainable rally in near term. Thus, market may want to challenge the upside resistance at 2730-2760 followed by 2800 levels. To the downside, support is lies at 2600-2580 levels.

FKLI Daily: May want to challenge 1300 levels.


Market gap up to stay firm above 1280 levels had strengthen further the market upward momentum. We are waiting for the significant breakout from the overhead resistance at 1286 levels. Violation of it may provide more room to bias upside potential with upside is projected at 1295-1310 levels.While, downside support is pegged at 1274-1272 (gap left over on 4/1/2010).