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NY sugar to fall to 15.97 cents SINGAPORE: New York March sugar is expected to fall to 15.97 cents per lb, as it has broken a support at 16.19 cents.The support was provided by the 76.4 percent Fibonacci projection level of a downward wave c that started at the Oct. 20 high of 16.89 cents. This wave is capable of travelling to 15.97 cents, the 100 percent projection level.A rise to 16.22 cents may signal the break below 16.19 cents was false and sugar may then rebound further to 16.32 cents, the 61.8 percent projection level.** 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

NY coffee still targets $1.8690 SINGAPORE: A bearish target at $1.8690 per lb remains unchanged for New York December coffee, as it still remains below a support at $1.9430 after a pullback towards this level.The support was provided by the 50 percent Fibonacci retracement on the rise from the July 15 low of $1.6310 to the Oct. 13 high of $2.2545. Even though a spinning top formed on Oct. 23, this candlestick pattern itself may not work as a reversal ...

NY cocoa may retest support at $3,064 SINGAPORE: New York December cocoa may retest a support at $3,064 per tonne, a break below which will lead to a further loss towards $3,022.The support is provided by the 23.6 percent Fibonacci projection level of an upward wave c that developed from the Oct. 14 low of $3,022. This wave could have completed at the Oct. 23 high of $3,175, near a resistance at $3,176, the 86.4 percent projection level.A bigger downward wave C ...

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 ...

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 ...


ArrowDJIA 16,677.90 1.32
ArrowNasdaq 4,452.79 1.60
ArrowS&P 1,950.82 1.23
ArrowFTSE 6,419.15 0.30
ArrowDAX 9,047.31 1.20
ArrowCAC-40 4,157.68 1.28
ArrowNikkei 15,138.96 0.37
ArrowH.Seng 23,333.18 0.30
ArrowSensex 26,851.05 0.24

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