NYMEX Crude: Gaining ground

Market is gaining ground with printed another long white candle. Market may continue to cap in the consolidation phase unless it manage to break out from the either USD73 or USD67 levels respectively to identify a clearer direction.

SSE Daily: Sideways to bias upside potential

Market is still maintain its upward posture despite a negative closing. Violation of the immediate resistance at 3060-3080 may provide more room to bias upside potential in near term. Next resistance will be followed by 3150. While, downside support is maintain at 2900 levels.

DJI Daily: May challenge 9800-10,000 levels

A triple digit up had proved to us that Bulls are ready to challenge the upside target at 9800-10,000 levels in anytime soon. Thus, we maintain positive towards the near term market. To the downside, support is pegged at 9600 levels.

FKLI Daily: TOPLESS!!!!

Market continue to ride on the uptrend following a convincing breakout from the recent high at 1215. Next resistance will be looking at 1230-1240 followed by 1250. To the downside, support is maintain at 1200.

CPO Tender Summary As at September 2009

Breaking News-RTRS-UPDATE 3-Bernanke says U.S. recession is 'very likely' over

WASHINGTON, Sept 15 (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.

Breaking News-RTRS-Biofuels may make Brazil soyoil importer-Oil World

HAMBURG, Sept 15 (Reuters) - Brazil, one of the world's leading soyoil exporters, may start importing soyoil from October 2009 because of sharply rising need for biofuel production, oilseeds analysts Oil World forecast on Tuesday.
"In Brazil, surging requirements for biodiesel production and declining soybean crushings will enforce a reduction in soyoil exports and probably necessitate soyoil imports in Oct. 2009/Jan. 2010," Oil World said.
Brazil's biodiesel output reached a record 134,000 tonnes in July 2009, up 41 percent on the year as the country raised compulsory blending of biofuels in fossil diesel, Oil World said.

FCPO Daily: May challenge upside gap

Market ended in positive territory and was trying to rebound after the recent sharp drop. Thus, it may want to challenge the upside gap left over on 14/9/2009 at 2119-2140 followed by 2170. Downside support is pegged at 2070.

CBOT Soyoil Daily: Defended well

A sharp rebound had neutralised the immediate technical outlook following a good defend at USD33.00. Thus, market may move into correction zone with upside resistance and downside support is looking at USD35.50-35.70 and USD33.00 levels respectively.

NYMEX Crude Daily: Entering into consolidation phase

Market is entering into consolidation phase with prices may cap in the range of USD73 to USD67 levels respectively. A breakout of the either way may provide more clearer direction.

SSE Daily: Likely to continue its upward move

Market edged up further to cover the full gap left over at 3033-3039. Thus, market looks likely to continue moving sideways to bias upside potential in near term. As for now, we are looking for the immediate resistance at 3060-3080 followed by 3150. While, downside support is maintain at 2900 levels.

DJI Daily: More room to bias upside potential

Market violated the overhead resistance at 9600-9700 levels had strengthen the immediate daily outlook. Thus, we expect more room to bias upside potential in near term with upside target is looking at 9800-10,000 levels. To the downside, support is pegged at 9500-9400 levels.

FKLI Daily: Uptrend likely to extend

Nothing much changes on the immediate technical landscape as prices maintain in upward posture and likely to challenge the recent high at 1215 in near term. Next resistance will be looking at 1230-1240. To the downside, support is maintain at 1200-1190.

Trader's Highlight

DJI-NEW YORK, Sept 15 (Reuters) - U.S. stocks rose on Tuesday to 2009 highs after stronger manufacturing and retail sales data boosted commodity prices and shares of materials companies.

Tuesday's gains lifted the S&P 500 above the 1,050 level for the first time since early October.

The Dow Jones industrial average <.DJI> rose 56.61 points, or 0.59 percent, to close at 9,683.41. The Standard & Poor's 500 Index <.SPX> gained 3.29 points, or 0.31 percent, to 1,052.63. The Nasdaq Composite Index <.IXIC> added 10.86 points, or 0.52 percent, to 2,102.64.

Comments by Federal Reserve Chairman Ben Bernanke that the recession was probably at an end also favored basic materials companies, Caughey said.

NYMEX-NEW YORK, Sept 15 (Reuters) - U.S. crude oil futures pared gains in post-settlement trading on Tuesday after industry data showed a surprise increase in domestic crude stocks last week.

On the New York Mercantile Exchange at 5:15 p.m. EDT (2215 GMT), October crude was up $1.44, or 2.09 percent, at $70.30 a barrel. It had settled earlier up $2.07, or 3.01 percent, at $70.93, trading from $68.48 to $71.19.

CBOT-SOYBEANS - November up 51 cents at $9.60 per bushel. Surging on forecasts for colder weather next week in the U.S. Midwest that could harm the crop, which is immature because it was planted late.

CBOT-SOYOIL - October up 1.03 cents per lb at 34.43. Following soybeans. Firm crude oil adds support.

FCPO-JAKARTA, Sept 15 (Reuters) - Malaysian crude palm oil futures bounced off an eight-week low on Tuesday as investors shrugged off poor export data and focused on covering short positions ahead of a long holiday weekend, traders said.

The benchmark November contract on the Bursa Malaysia Derivative Exchange rose 31 ringgit, or 1.5 percent, to 2,101 ringgit ($600.29) a tonne. Overall volume was 15,663 lots of 25 tonnes each.

The exchange will be closed on Sept. 21-22 for the Muslim festival of Eid al-Fitr.

REGIONAL EQUITIES-BANGKOK, Sept 15 (Reuters) - Most Southeast Asian stock markets rebounded on Tuesday, with Indonesia rising more than 1 percent and others posting smaller gains, led by big caps such as Bumi Resources, PPB Group and DBS Group.

Markets in the region recouped Monday's losses, with investors recovering their appetite for riskier assets, analysts said.

Singapore's index <.FTSTI> inched down 0.05 percent, erasing an early 0.7 percent gain, Malaysia's index <.KLSE> was up 0.3 percent, Thailand's index <.SETI> climbed 1.3 percent and Vietnam's index <.VNI> inched up 0.03 percent.

In Kuala Lumpur, Tenaga Nasional gained 2.1 percent and plantation group PPB rose 1.8 percent.

Proton Holdings jumped 5.4 percent on market speculation Malaysian billionaire Syed Mokhtar Al Bukhary may be interested in acquiring a controlling stake in the car maker.

FCPO Daily: Remains in bearish outlook

Market violated the physiological support at 2100 levels to end at day low had dampened further the already weak technical outlook. To the upside, resistance is looking at the 2119-2140 (gap left over on 14/9/2009). Downside support is pegged at 2060-2050 followed by 2030-2000.

CBOT Soyoil Daily: Struggling at USD33.00

Market extended its losing streak following support at USD33.30-33.20 was violated. Any breakdown from the physiological support at USD33.00 may provide more room to bias downside potential in near term. To the upside, resistance is looking at USD33.70-34.00.

NYMEX Crude Daily: Facing tough resistance at USD73

Bulls look has losing strength to climb up further after facing tough resistance at USD73.00. Thus, market may into correction phase with downside support is pegged at USD67.00.

SSE Daily: Improving

Market covered partial of the upside gap left over to stay firm at 3000 levels. This had strengthen further the immediate technical landscape to move sideways to bias upside potential in near term. As for now, we are looking for the immediate resistance at 3033-3039 (unfilled gap left over) followed by 3060-3080. While, downside support is pegged at 2900 levels.

FKLI Daily: 1200 mark defended well

Market was defended well at 1200 mark to maintain its upward posture firmly. Thus, bulls look may challenge again the recent high at 1215 levels followed by 1230-1240. To the downside, support is pegged at 1200-1190.

Breaking News-RTRS-Europe oils-Rising stocks hit palm but EU demand may pick up

AMSTERDAM, Sept 11 (Reuters) - Concerns about rising stocks and weaker export figures were weighing on palm oil markets, but a possible pickup in European demand in coming months may limit the downward potential of prices, traders said on Friday.
Strong demand from China and India over the summer has bolstered prices, but traders said demand from these regions is tapering off with the end of festival seasons.