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Palm oil may drop to 2,052 ringgit SINGAPORE: Palm oil may break a support at 2,086 ringgit per tonne and fall to the next support at 2,052 ringgit, driven by a powerful wave C.These two supports are identified respectively as the 138.2 percent and the 161.8 percent Fibonacci projection levels of a downward wave C, the third wave of a three-wave cycle that developed from the June 8 high of 2,362 ringgit.A drop to 2,080 ringgit may confirm both a break below the support at 2,086 ringgit and the target at 2,052 ringgit. Resistance is at 2,107 ringgit, the 123.6 percent level, a break above which could lead to a gain to 2,141 ringgit, the 100 percent level.Copyright Reuters, 2015


CBOT soybeans to test support at $9.30-3/4 SINGAPORE: CBOT soybeans November contract is expected to test a support at $9.30-3/4 per bushel, a break below which could open the way towards the next support at $9.16.These supports are provided respectively by the 76.4 percent and the 86.4 percent Fibonacci retracements on the rise from the June 15 low of $8.95-3/4 to the July 14 high of $10.45.The rebound triggered by $9.30-3/4 has almost been reversed, signalling a continuation of the downtrend that ...

CBOT corn targets $3.63-1/2 SINGAPORE: CBOT September corn may break a support at $3.66-1/2 per bushel and fall towards the next support at $3.63-1/2, as indicated by a Fibonacci projection analysis.The contract is riding on a wave 5, the fifth wave of a five-wave cycle that developed from the July 14 high of $4.43-1/4. This wave may eventually travel to $3.49-3/4, the 400 percent Fibonacci projection level of the downtrend that started at the July 16 high of $4.38-3/4. ...

CBOT wheat still targets $4.89-1/4 SINGAPORE: CBOT September wheat still targets $4.89-1/4 per bushel, as indicated by a Fibonacci retracement analysis.The analysis reveals wheat has broken a support at $5.04-1/4, the 76.4 percent retracement on the uptrend from the May 5 low of $4.69-1/4 to the June 30 high of $6.18.In the meantime, a trendline rising from $4.69-1/4 has been broken, indicating the uptrend from this low could be reversed eventually. The pullback towards the trendline has completed and the ...

NY sugar to test support at 10.98 cents SINGAPORE: New York Oct. sugar is expected to test a support at 10.98 cents per lb, a break below which could lead to a loss towards the next support at 10.59 cents.These supports are provided respectively by the 476.4 percent and 500 percent Fibonacci projection levels of a wave 3, the third wave of a five-wave cycle that developed from the June 26, 2014 high of 19.86 cents.Based on the consolidation range of 11.22-11.61 cents, ...

Indonesia's June crude palm oil output to hit at least 10-month high JAKARTA: Indonesia's crude palm oil (CPO) output likely rose for a fourth month in June to hit its highest since at least August on supplies from new plantations, while exports continued their rally given strong festival demand, a Reuters survey showed.Higher output at the world's top producer, and worries that exports will weaken in July after the end of the holy Muslim month of Ramadan, could hurt benchmark palm prices that hit a three-month low ...

Copper drops on China worries, faces 9 pct July loss LONDON: Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Declines on the day were muted, however, as traders squared their books ahead of the month-end and Chinese factory data due to be released over the weekend. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln