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NY cocoa to retest resistance at $2,933 SINGAPORE: New York March cocoa may retest a resistance at $2,933 per tonne, a break above which will open the way towards the next resistance at $2,954.These two resistances are identified respectively as the 50 percent and the 61.8 percent Fibonacci projection levels of an upward wave C, the third wave of a presumed three-wave cycle that developed from the Nov. 13 low of $2,780.Support is at $2,912, the 38.2 percent level, a break below which will signal an extension of the correction from the Dec. 10 high of $2,960, towards the 23.6 percent level at $2,885.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 should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned ...

TOCOM extends gains on weak yen TOKYO: Benchmark Tokyo rubber futures rose for a second day on the back of a weaker yen, dealers said on Thursday.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have so far fallen 26 percent this year on worries of excess supply from major Asian producers and weak demand in China, the world's top user.The Tokyo Commodity Exchange rubber contract for May delivery finished 1.1 yen, or 0.5 ...
India to soon decide on raw sugar export incentives NEW DELHI: India, the world's second-biggest sugar producer, will soon decide on extending incentives for raw sugar exports, Food Secretary Sudhir Kumar said on Thursday, as mills struggle to pay farmers the stipulated price for cane."We will soon consider export incentive for raw sugar," Kumar told a conference of sugar producers in New Delhi.To help mills, India gave an upto 3,371 rupees a tonne financial incentive for raw sugar exports in the 2013/14 marketing year ...
NY sugar to test support at 14.53 cents SINGAPORE: New York March sugar is expected to test a support at 14.53 cents per lb, driven by a wave c.The support is provided by the 61.8 percent Fibonacci projection level of the downward wave c, the third wave of a three-wave cycle that developed from the June 26 high of 19.83 cents.The previous two supports at 15.55 cents and 15.04 cents, respectively the 38.2 percent and the 50 percent levels, have triggered two rebounds. ...
Palm edges up on crude oil recovery; heavy rains eyed KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, lifted by a small recovery in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concerns that yields of the tropical oil will drop this month.Malaysia's metereological department issued an "orange" warning on its website for heavy rain across the states of Sabah, Kelantan, and Terengganu, expected to persist until the end of the week. Rains are also expected across ...
CBOT soybeans to retest support at $10.15-1/2 SINGAPORE: CBOT soybeans January contract is expected to retest support at $10.15-1/2 per bushel, as indicated by its wave pattern and a Fibonacci projection analysis.The support is provided by the 114.6 percent Fibonacci projection level of a downward wave c that started at the Dec. 15 high of $10.55. It is the third of a three-wave cycle that developed from the Nov. 12 high of $10.86-1/4.It is uncommon that a wave c travels a distance ...
CBOT corn targets $4.19 SINGAPORE: CBOT March corn may break a resistance at $4.10-1/2 per bushel and rise more to $4.19, as it may have completed a correction triggered by this barrier.The resistance is identified as the 50 percent Fibonacci projection level of an upward wave C, the third wave of a presumed three-wave cycle that developed from the Oct. 1 low of $3.30-1/2.This wave is capable of travelling into a wide range of $4.19-$4.46, formed by the 61.8 ...

 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln