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US oil to retest support at $90.46 after weak rebound  SINGAPORE: US oil is expected to retest a support at $90.46 per barrel after a moderate rebound to $91.42, as indicated by its wave pattern and a Fibonacci projection analysis.The support is provided by the 61.8 percent Fibonacci projection level of a downward wave 3, the third wave of a five-wave cycle that developed from the Sept. 30 high of $94.90.The rebound triggered by the support may end at $91.42 - the 38.2 percent level, a rise above which may be limited to $92.01, the 23.6 percent level.The break below $90.46 will be significant, as it will confirm a bearish range that has been forming from Nov. 9. Based on a this pattern, oil may eventually reach $85.83.** Wang Tao is a Reuters market analyst for commodities and energy technicals.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice.Each reader ...

Oil prices mixed in Asia SINGAPOREL: Oil prices were mixed in Asia on Thursday with gains capped by concerns about a global supply glut and a stronger dollar, analysts said. US benchmark West Texas Intermediate for November delivery rose seven cents to $90.80 while Brent crude for November eased six cents to $94.10 in mid-morning trade. Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at business consultancy EY, said prices were pressured by the "strengthening US dollar, which ...
Tokyo futures fall nearly 13pc in July-Sept TOKYO: Benchmark Tokyo rubber futures rose on Tuesday, helped by gains in the Shanghai market, but ended the quarter with a near 13 percent loss, hurt by worries about demand in top consumer China.However, sentiment was hit on Tuesday as the dollar hovered near a six-year high against the yen.Shanghai and Tokyo futures are struggling near multi-year lows, hurt by worries about China's economy and recently by Thailand's decision to sell its 200,000-tonne rubber stockpile.Indonesia's ...
Vietnam coffee stocks at record high, trade dull HANOI: Trading on Vietnam's coffee export market has slowed ahead of the 2014/2015 crop as traders and buyers waited for more clues on the upcoming harvest after estimates of record carryover stocks in the next crop year, traders said on Tuesday.Vietnam's huge stocks could provide relief to prices after the International Coffee Organization and industry analysts expected a drop in global production.Vietnam, the world's largest robusta coffee producer, produced 28 million 60-kg bags in the ...
Palm rises to 1-1/2 month high; marks biggest monthly gain since April 2009 KUALA LUMPUR: Malaysian palm oil futures rose to their highest in one-and-a-half months on Tuesday and recorded their biggest monthly rise in more than five years, as strong export demand and gains in Chinese soyoil markets lifted sentiment.Despite the swift recovery in palm prices this month, underlying concerns about swelling oilseed supplies capped the rally and pulled palm to post its biggest quarterly drop in two years.Exports of Malaysian palm oil products for September rose ...
Palm rises to 1-1/2 month high, heads for biggest monthly gain since April 2009 KUALA LUMPUR: Malaysian palm oil futures rose to their highest in one-and-a-half months on Tuesday and were headed for their biggest monthly rise in more than five years as strong export demand and gains in Chinese soyoil markets lifted sentiment.Despite the swift recovery in palm prices this month, underlying concerns about swelling oilseed supplies capped the rally and set palm prices for its biggest quarterly drop in two years.Exports of Malaysian palm oil products for ...
Vietnam's coffee stocks seen at record 300,000 T HANOI: Vietnam, the world's largest robusta coffee producer, may bring forward to the next 2014/2015 crop year more than 300,000 tonnes of the beans, a record high, despite a jump in its shipments this year, traders said. The carryover stocks included some 200,000 tonnes in Ho Chi Minh City-based warehouses, about 100,000 tonnes held outside the city plus a small volume kept by growers, traders at foreign firms said. The beans carried over are often ...

 



 
IndexClosingChg%
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ArrowS&P 1,946.16 1.32
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ArrowSensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln