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Palm edges down as soy markets drag, exports lacklustre KUALA LUMPUR: Malaysian palm oil futures edged down on Monday and were headed for a fall in six out of eight sessions as losses in comparative soy markets weighed on sentiment, although hopes for weaker output to rein in stockpiles capped losses.Investors were jittery over prospects that bigger supplies of soybeans for crushing into soyoil, a rival edible oil, would channel food and fuel demand away from palm.Soybean futures fell on Monday on prospects that farmers in the US Midwest would speed up harvesting. They were further pressured after private analytics firm Informa Economics forecast US 2015 soybean plantings to hit a record 88.5 million acres.The US soyoil contract for December fell 0.4 percent in early Asian trade, while the most active January soybean oil contract on the Dalian Commodities Exchange tumbled 2.1 percent."Today the market fell because US soybean oil and Dalian soy prices are down," said a trader ...

Spot gold may fall to $1,224 SINGAPORE: Spot gold may fall to $1,224 per ounce, as a rebound from the Oct. 6 low of $1,183.46 could have completed.The completion has been indicated by the duration of the correction from the Oct. 15 high of $1,249.30, which is not supposed to be so long should the preceding short-term uptrend remain intact.A Fibonacci retracement analysis on the rise from $1,183.46 to $1,249.30 reveals a support at $1,234, the 23.6 percent level, which has ...
LME copper to revisit low of $6,530 SINGAPORE: LME copper has completed a rebound from the Oct. 17 low of $6,530 per tonne and is expected to revisit this low. The rebound was triggered by a support at $6,524, the 138.2 percent Fibonacci projection level of a downward wave (c) that started at the Sept. 16 high of $6,992. This wave may eventually travel to $6,444, the 161.8 percent projection level. The rebound has failed to extend above a resistance at $6,653, ...
US soy near 1-week low, corn extends losses on dry weather f'cast SINGAPORE: Chicago soybean futures slid to their lowest in almost a week on Monday and corn fell for a second session, under pressure from forecasts of dry weather in the US Midwest that will prompt farmers to speed up harvesting. Wheat lost more ground in early Asian trade, tracking the weakness in corn and soybeans. Chicago Board of Trade front-month soybeans fell as much as 0.7 percent to $9.45-1/2 a bushel by 0233 GMT, lowest ...
LME aluminium to rise to $2,002 SINGAPORE: LME aluminium is expected to rise to $2,002 per tonne, after a shallow correction to $1,960. Wave pattern suggests the progress of a wave c, which started at the Oct. 16 low of $1,893.50. This wave has five component waves and so far, only three have unfolded. The fourth wave labelled 4 may end around $1,960, a support provided by the lower channel line of a rising channel. The fifth wave labelled 5 will ...
Shanghai copper still targets 46,570 yuan SINGAPORE: Shanghai copper still targets 46,570 yuan per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.The metal is riding on a wave c, the third wave of a three-wave cycle that developed from the Aug. 25 high of 50,300 yuan. This wave is capable of travelling to 46,570 yuan, its 100percent Fibonacci projection level, which was narrowly missed on Oct. 17.The moderate rebound from the Oct. 17 low of 46,700 yuan ...
Palm oil to retest resistance at 2,150 ringgit SINGAPORE: Palm oil is expected to retest a resistance at 2,150 ringgit per tonne, a break above which will lead to a further gain to 2,178 ringgit. A three-wave cycle rising from the Sept. 2 low of 1,914 ringgit has not completed, with the third wave labelled (c) having just started. This wave could approach the peak of the first wave at 2,223 ringgit, a high touched on Oct.1. A Fibonacci retracement on the first ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln