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US $ Index Broke Key Support

The March Dollar posted a key reversal down on Friday and closed below the 20-day moving average crossing at 77.81. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term.

First support is today's low crossing at 77.55. Second support is Tuesday's low crossing at 77.39

Nymex: Money Managers Add To Net Long Positions In Crude Oil

February crude oil closed slightly higher on Friday and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near- term.

First resistance is Wednesday's high crossing at 83.52. Second resistance is the 38% retracement level of the 2008-decline crossing at 84.82.

First support is the 10-day moving average crossing at 80.61. Second support is the 20-day moving average crossing at 77.13.

March soybean oil closed down 45 pts. at 39.91.
March soybean oil gapped down and closed lower on Friday as it extended this week's decline. A short covering rally tempered early-session losses and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term.

First resistance is today's gap crossing at 40.23. Second resistance is Thursday's gap crossing at 40.75. First support is today's low crossing at 39.51. Second support is the December 28th gap crossing at 38.95.

FKLI To Remain Firm Next Week

Market sentiment would remain firm as investors takes the cue from improved performance in the global markets. Profit-taking, however, may cap gains.

On a weekly basis, the FBM KLCI futures for January 2010 rose 28 points to 1,297.0, March 2010 increased 27.0 points to 1,296.5 and June 2010 gained 26 points to 1,296.5. Total volume declined to 25,441 lots from 36,798 last Thursday and open interest slipped to 17,994 contracts from 23,999 previously

BMD CPO Futures Down: Long Liquidation; Lower Exports

Weak soyoil may drag down CPO prices next week. Support seen at RM2600.

A dealer says "Investors will keep a close watch on the Chinese commodities market as a reference to movements on BMD as sentiments remain subdued by lack of favourable news."

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