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CBOT corn may test resistance at $3.83-1/4 SINGAPORE: CBOT March corn may test a resistance at $3.83-1/4 per bushel, a break above which could lead to a further gain to $3.87-3/4.The contract has found a support at the Jan. 14 low of $3.76. It could be too aggressive to presume the formation of a double-bottom. However, it might not be unrealistic to expect a flat or a triangle.The flat wave pattern indicates a good chance of corn climbing to $3.87-3/4, while the triangle suggests corn rebounding to $3.83-1/4. These two levels are respectively the 38.2 percent and the 23.6 percent Fibonacci retracements on the fall from the Jan. 12 high of $4.07 to $3.76.Only a drop below $3.76 could confirm the continuation of the downtrend.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 ...

CBOT wheat to rebound to $5.55-1/4 SINGAPORE: CBOT March wheat has found a support at $5.26-1/2 per bushel and may rebound towards a resistance at $5.55-1/4.The support and the resistance are identified respectively as the 76.4 percent and the 61.8 percent Fibonacci retracement on the uptrend from the Sept. 25, 2014 low of $4.80 to the Dec. 18, 2014 high $6.77.The downtrend from $6.77 may have completed, as it has been driven by the second wave of a three-wave cycle that ...
TOCOM ends down 1.6pc, hits one-month low TOKYO: Benchmark Tokyo rubber futures fell 1.6 percent on Friday, posting their biggest weekly drop in about a year, as slumping oil prices and a stronger yen encouraged investors to liquidate contracts to avoid risks ahead of the weekend.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, also came under pressure amid signs that rubber supplies in Thailand were increasing to above-normal levels after heavy flooding late last ...
NY sugar to retest resistance at 15.35 cents SINGAPORE: New York March sugar is expected to retest a resistance at 15.35 cents per lb, a break above which will lead to a further gain to 15.51 cents.The resistance is at the 61.8 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Jan. 5 low 14.07 cents. This wave may eventually travel to 15.77 cents, its 100 percent projection level.A higher level at ...
Gold poised for best week in nearly a year on safe-haven demand SINGAPORE: Gold traded near its highest level in four months on Friday and looked set to post its best week in ten months, as investors sought safety from market volatility after Switzerland unexpectedly scrapped a cap on the franc.Spot gold was firm at $1,259.80 an ounce by 0728 GMT, after jumping to $1,266.11 on Thursday, a level last reached in September.Thursday's volatility in global markets saw investors channelling money towards gold, often seen as an ...
NY coffee may test resistance at $1.8075 SINGAPORE: New York March coffee may test resistance at $1.8075 per lb, as it could have completed a consolidation within a neutral range of $1.7585 to $1.8560.The consolidation could have adopted a flat mode, consisting of three waves roughly equal in length. These waves have been unfolding in the range formed by the 38.2 percent and the 61.8 percent Fibonacci retracements on the downtrend from the Nov. 19 high of $2.0135 to the Jan. 5 ...
Vietnam's rice exports drop to 6.38mn T in 2014 HANOI: Vietnam's rice exports last year dropped 3.2 percent from 2013 to 6.38 million tonnes, Vietnam Customs said on Friday, compared with an initial government estimate of 6.41 million tonnes.The grain exports have generated $2.95 billion in 2014, up 1.1 percent from the previous year, the customs department, run by the Finance Ministry, said in its monthly report.Last month, the government estimated Vietnam's rice shipment in the whole of 2014 at 6.41 million tonnes, down ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln