Just in:  

You are here: Home»Markets»Commodities

Markets - Commodities


CBOT wheat to hover above support at $6.37 SINGAPORE: CBOT May wheat has found a support at $6.37 per bushel and may hover above this level for one trading session.The support is provided by the 23.6 percent Fibonacci retracement on the rise from the Jan. 30 low of $5.53-1/2 to the March 7 high of $6.63. The drop from this high could have completed its first leg, and will be partially reversed by the second leg.It is not very clear how high the second leg could reach, most likely, it will be limited to $6.53. A break below $6.37 will cause a further loss to $6.21, the 38.2 percent retracement.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 sugar faces resistance at 18.50 cents SINGAPORE: New York May sugar faces a resistance at 18.50 cents per lb, a break above which will lead to a further gain to 18.89 cents.The resistance is provided by the 176.4 percent Fibonacci projection level of an upward wave (3), which rose from the Feb. 12 low of 15.57 cents. It has forced this wave to peak at the March 6 high of 18.47 cents and then triggered a deep wave (4) correction.Wave pattern ...

NY coffee may climb towards $2.1955 SINGAPORE: New York second month coffee may rise further towards $2.1955 per lb, as it has finally overcome a barrier at $1.9750.The barrier has been formed at the 50 percent Fibonacci retracement on the fall from the Sept. 1, 2011 high of $2.9085 to the Nov. 6, 2013 low of $1.0415. A pullback towards $1.9750 could have completed and coffee is heading towards the 61.8 percent projection level at $2.1955.However, bulls should remain cautious as ...

LME aluminium signals SINGAPORE: Signals are mixed for LME aluminium, and a further development of chart is needed to evaluate the next direction. The deep fall from the March 6 high of $1,802 suggests the completion of a preceding uptrend that rose from the Feb. 3 low of $1,671.25. However, the strong recovery of the price from the Monday low of $1,740 has cast some doubt. It is not clear if the rise from $1,740 is an extension ...

Shanghai copper still targets 44,620 yuan SINGAPORE: A bearish target at 44,620 yuan per tonne remains unchanged for Shanghai copper, as it has broken below support at 46,750 yuan.Support was provided by the June 25, 2013 low. The next support will be at 44,620 yuan, the 61.8 percent Fibonacci projection level of a downward wave C. Copper seems to be pulling back to 46,750 yuan, a further gain above this level will be less likely.The wave C has a fierce character ...

Palm oil due for a deep correction SINGAPORE: Malaysian palm oil looks exhausted and is due for a deep correction. Even though the contract has edged into a resistance zone of 2,883-2,910 ringgit per tonne, there has not been any apparent break above 2,910 ringgit, which is provided by the 76.4 percent Fibonacci projection level of a presumed wave c. The break will be important in confirming a target at 3,041 ringgit, the 100 percent projection level. In the meantime, the RSI ...

Gold firm on fund inflows; China, Ukraine worries support SINGAPORE: Gold was steady near $1,340 an ounce on Tuesday as fears of an economic slowdown in China and Ukraine's geopolitical crisis keep investors seeking safe-haven bullion.In a sign of investor confidence in the precious metal amid global uncertainties, the world's biggest bullion-backed exchange-traded fund saw its largest inflow in a month on Monday.Traders expect the metal to be well-supported between $1,330 and $1,350, with the next big movement expected from the US Federal Reserve's ...


Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln