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NY coffee to fall more to $1.8295 SINGAPORE: New York May coffee is expected to fall further to $1.8295 per lb, as it has broken below a support at $1.8870.The support was provided by the 138.2 percent Fibonacci projection level of an upward wave C which rose from the April 2 low of $1.6790.The next support will be at $1.8295, the 100 percent projection level, a break below which will cause a further loss to $1.7940, the 76.4 percent level.This support has become a resistance, a break above which may trigger a further gain to $1.9225, the 161.8 percent projection level.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 mmentioned in the analyses. Copyright Reuters, 2014

CBOT corn to retest support at $4.94-1/4 SINGAPORE: CBOT May corn may retest support at $4.94-1/4 per bushel, a break below which will lead to a further loss to $4.88.Support is identified as the 50 percent Fibonacci projection level of a downward wave c that developed from the April 14 high of $5.07. This wave is capable of travelling to $4.82, its 100 percent projection level.A rebound has been triggered by the support and may end around resistance at $5.01, the 23.6 ...

CBOT wheat neutral in $6.84 to $7.07-1/2 range SINGAPORE: CBOT May wheat looks neutral in a range of $6.84 to $7.07-1/2 per bushel, and an escape will point a direction.The range has been formed by a trendline support and the 76.4 percent Fibonacci retracement on the fall from the March 20 high of $7.23-1/2 to the April 10 low of $6.56-1/4.A rise above $7.07-1/2 could be extended to $7.23-1/2, while a drop below $6.84 will signal a resumption of the downtrend falling from ...

Palm snaps 4 days of gains on profit-taking KUALA LUMPUR: Malaysian palm oil futures eased for the first time in five days on Thursday, as investors banked profits after prices hit a three-week high, although optimism of improving food and fuel demand kept stemmed losses.Third-month prices surged to an intraday high of 2,691 ringgit on Wednesday, its highest since March 27, as better-than-expected economic data from China soothed fears about slowing demand from the world's No. 2 consumer of the tropical oil."The market ...

Spot gold to revisit low of $1,290.34 SINGAPORE: Spot gold may have completed a rebound from the April 15 low of $1,290.34 per ounce, and will revisit this level.The completion has been indicated by gold's failure to break a resistance at $1,304, the 23.6 percent Fibonacci projection level of a downward wave (c), which started at the April 14 high of $1,330.90.Support will be at $1,287, the 38.2 percent projection level, a break below which will lead to a further loss to ...

LME aluminium to retest support at $1,848 SINGAPORE: LME aluminium is expected to retest a support at $1,848 per tonne, as a drop from the April 11 high of $1,902.50 has not completed. The drop followed the completion of an uptrend that developed from the Feb. 3 low of $1,671.25. A Fibonacci retracement analysis on the trend reveals the support at $1,848, the 23.6 percent level, which has caused the current rebound. This rebound has been driven by a wave b, the ...

Soybeans set for biggest weekly gain in 8 months SYDNEY: US soybeans hit a nine-month high on Thursday ahead of the Easter holiday, on track to record their biggest weekly climb in eight months amid strong crushing demand.Wheat rose, rebounding from losses of 2 percent in the previous session, while corn prices also edged higher, shrugging off pressure from a favourable weather forecast.Front-month Chicago Board of Trade May soybean futures rose 0.69 percent to $15.29-1/4 a bushel, just below the session peak of $15.30 ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln