Just in:  

You are here: Home»Markets»Commodities

Markets - Commodities


Raw sugar steadies with focus on US Fed, cocoa firms NEW YORK/LONDON: Raw sugar futures on ICE steadied on Thursday, on uncertainty ahead of the much-anticipated US Federal Reserve statement, while their spot spread narrowed to the smallest discount since January. Cocoa and arabica coffee futures inched higher, but all three markets remained well within recent ranges. "They're going sideways because people have cleared the dance floor a little bit because they don't know what the next song is going to be," said David Martin, founder and managing member of Martin Fund Management LLC in New York. "People are really taking a wait-and-see attitude." Investors braced for the possibility of the first US interest rate in nearly a decade, with the Fed scheduled to release a statement at 2 p.m. EDT (1800 GMT) after the soft commodity markets close, following a two-day meeting. "I would expect the market to possibly falter once again if the (US) interest rates are increased," ...

Spot gold may hover below $1,123 SINGAPORE: Spot gold faces a resistance at $1,123 per ounce and may hover below this level or retrace to a support at $1,112.The resistance and the support are identified respectively as the 50 percent and the 61.8 percent Fibonacci retracements on the uptrend from the July 24 low of $1,077 to the Aug. 21 high of $1,168.40.A break above $1,123 could lead to a gain to the 38.2 percent level at $1,133. The gain from ...

LME aluminium signals mixed SINGAPORE: Signals will be mixed for LME aluminium until it gets out of a neutral range of $1,620-$1,634 per tonne, as indicated by a Fibonacci retracement analysis.The range is formed by the 23.6 percent and the 14.6 percent Fibonacci retracements on the rise from the Aug. 24 low of $1,506 to the Sept. 9 high of $1,655.50. A break above $1,634 could open the way towards $1,655.50, while a break below $1,620 could cause a ...

Shanghai copper may retest resistance at 41,190 yuan SINGAPORE: Shanghai copper may retest a resistance at 41,190 yuan per tonne, a break above which could lead to a gain to 41,510 yuan.The resistance is provided by the 138.2 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Aug. 7 low of 37,310 yuan. The next resistance will be at 41,510 yuan, the 150 percent level.This wave could extend to 42,830 yuan, the ...

Palm oil to fall to 2,068 ringgit SINGAPORE: Palm oil may drop to 2,068 ringgit per tonne, as it has broken a support at 2,132 ringgit.The support was provided by the 50 percent Fibonacci retracement on the fall from the March 4 high of 2,400 ringgit to the Aug. 25 low of 1,863 ringgit, temporarily blocking the way towards the 38.2 percent level at 2,068 ringgit.Given that the rally from 1,863 ringgit has been too steep, the current correction could extend to ...

CBOT soybeans neutral in $8.77-3/4 to $8.94 range SINGAPORE: CBOT soybeans November contract looks neutral in a range of $8.77-3/4 to $8.94 per bushel, and an escape will point a direction.The range has been formed by the 100 percent and the 86.4 percent Fibonacci projection levels of a downward wave C, the third wave of a three-wave cycle from the July 14 high of $10.45.A break above $8.94 could lead to a gain to $9.05-3/4, the 76.4 percent level, while a break below ...

CBOT corn may slide to $3.80-1/4 SINGAPORE: CBOT December corn may slide further to $3.80-1/4 per bushel, as it has broken a support at $3.85.The support was established at the 61.8 percent Fibonacci retracement on the fall from the Aug. 10 high of $4.02 to the Aug. 12 low of $3.57-1/2. The next support will be at $3.80-1/4, the 23.6 percent Fibonacci retracement on a bigger downtrend from the July 14 high of $4.54-1/4 to $3.57-1/2.Resistance is at $3.91-1/2, the 76.4 ...


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln