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NY sugar may edge up to 14.65 cents before falling SINGAPORE: New York March sugar may edge up to 14.65 cents per lb before retesting a support at 14.27 cents, as indicated by its wave pattern and a Fibonacci projection analysis.The contract is riding on a downward wave c, the third wave of a three-wave cycle from the Nov. 3 high of 15.53 cents. At its full capacity, this wave may travel to 13.66 cents, the 100 percent projection level. However, this target could only be confirmed when sugar breaks the support at 14.27 cents, the 61.8 percent level.Resistance is at 14.65 cents, the 38.2 percent level, a break above which could lead to a gain to 14.88 cents, the 23.6 percent level.Copyright Reuters, 2015

NY coffee to test support at $1.1505 SINGAPORE: New York March coffee is expected to test a support at $1.1505 per lb, a break below which could cause a loss to $1.1255.The support is provided by the 50 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the Oct. 14 high of $1.4090.A bounce was triggered on Nov. 13. It is not very clear if another bounce will be caused by the $1.1505 level. ...

NY cocoa may break support at $3,333 SINGAPORE: New York March cocoa may break a support at $3,333 per tonne and fall towards the next support at $3,305, as indicated by a Fibonacci projection analysis and a rising channel.These two supports are provided respectively by the 114.6 percent and the 100 percent Fibonacci projection levels of an upward wave c, the third wave of a three-wave cycle from the Oct. 12 low of $3,035.The cycle has been developing within a rising channel, ...

EU wheat rises on hopes of renewed export demand PARIS: European wheat prices rose on Wednesday on hopes for a boost in export demand linked to a drop in global prices, a fall in freight rates and a weaker euro versus the dollar which makes euro-denominated products more competitive on world markets.December milling wheat, the benchmark on Paris-based Euronext, was 1.00 euro or 0.6 percent higher by 1705 GMT to 176.25 euros a tonne."The combination of the weaker euro, markets and freight rates mean ...

Gold dives close to six-year low LONDON: Gold sank Wednesday close to the lowest level in nearly six years, as the dollar rallied on prospects for a December interest rate hike from the US Federal Reserve.The price of gold slumped in Asian trading hours to $1,063.55 per ounce, forging the lowest level since February 2010."Gold slumped to fresh lows ... as expectations mounted around the Fed taking action to increase interest rates in the December meeting," said FXTM analyst Lukman Otunuga."The ...

Raw sugar prices fall on India export prospects LONDON: Raw sugar futures were lower on Wednesday as India took steps which could pave the way for exports from the world's number two producer, while cocoa and coffee prices also fell.March raw sugar on ICE was down 0.32 cents, or 2.2 percent, at 14.46 cents a lb at 1236 GMT.India will, for the first time, pay sugarcane farmers in part for produce that they sell to money-losing mills, government sources said after a cabinet ...

Wheat edges higher after hitting 1-month low SYDNEY/PARIS: US wheat edged higher on Wednesday after hitting a nearly one- month low in the previous session, boosted by an easing dollar which also helped other grains in Chicago.Corn and soybean futures continued to benefit from technical support as investors took advantage of recent declines to contract lows to cover bearish bets placed as farmers reaped huge harvests of both crops across the US Midwest.Chicago Board of Trade December wheat futures rose 0.2 percent ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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