All
 

 

Just in:  

You are here: Home»Markets»Commodities

Markets - Commodities

Archive

CBOT wheat to rise to $5.36 SINGAPORE: CBOT December wheat is expected to rise to $5.36 per bushel as it has broken a resistance at $5.22-3/4.The resistance was formed around the 50 percent Fibonacci retracement on the downtrend from the Aug. 28 high of $5.79-1/4 to the Sept. 25 low of $4.66-1/4. The next resistance will be at $5.36, the 61.8 percent level, a break above which will lead to a further gain to $5.52-1/2, the 76.4 percent level.A correction from the current level could be limited to $5.22-3/4, now a strong support.** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.Copyright Reuters, 2014


Gold slips, poised for weekly loss on strong US data, dollar SINGAPORE: Gold dipped for a third session in a row on Friday and was set to snap a two-week winning streak as a firmer US dollar and robust economic data dented the metal's appeal as a hedge.Bullion's dip comes despite a tumble in US stock futures and gains in other safe-havens such as bonds and the yen after a doctor in New York City tested positive for Ebola.The metal was weighed down by strong global ...

London copper set for weekly rise on seasonal China demand SYDNEY: London copper edged down on Friday, but was on track for its biggest weekly rise in two months as China demand recovers in the fourth quarter, although expectations of swelling supply kept gains in check.FUNDAMENTALSThree-month copper on the London Metal Exchange had slipped 0.3 percent to $6,676 a tonne by 0045 GMT, paring gains of 1 percent from the previous session. LME copper prices were set to advance by 0.6 percent for the week ...

US oil to approach low of $79.78 SINGAPORE: US oil may approach its Oct. 16 low of $79.78 per barrel again, a break below which will lead to a further loss to $78.A re-labelling of the waves suggests that the rebound from $79.78 was due to the completion of a three-wave cycle that developed from the Sept. 30 high of $94.90.Given that the rebound could be divided into another three small waves labelled a, b and c, this rebound seems to be ...

Brent oil still targets $82.87 SINGAPORE: A bearish target at $82.87 per barrel remains unchanged for Brent oil, as indicated by its wave pattern and a Fibonacci projection analysis.Oil is riding on a wave C that developed from the June 19 high of $115.71. This wave is capable of travelling to $77.70, its 100 percent Fibonacci projection level. It has been disrupted by a support at $82.87, the 86.4 percent projection level.The rebound triggered by the support is labelled as ...

Spot gold targets $1,219 SINGAPORE: Spot gold has found a temporary support around $1,228 per ounce, and may hover above this level for half a trading session before falling towards the next support at $1,219.The depth of the fall from the Oct. 21 high of $1,255.20 suggests a reversal of the uptrend from the Oct. 6 low of $1,183.46. Even if this trend could extend, gold may still have a better chance of falling into a range of $1,211-$1,219, ...

LME copper to test support at $6,643 SINGAPORE: LME copper is expected to test a support at $6,643 per tonne, as it failed to break a resistance at $6,712. The resistance is identified as the 61.8 percent Fibonacci retracement on the fall from the Oct. 14 high of $6,825 to the Oct. 17 low of $6,530. Copper has failed twice to overcome this barrier, signalling a completion of the rebound from $6,530. The metal has broken a support at $6,678, ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln