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Shanghai copper to peak around 53,780 yuan SINGAPORE: Shanghai copper may peak around resistance at 53,780 yuan per tonne, as indicated by its wave pattern and a Fibonacci projection analysis.The uptrend from the June 25 low of 47,280 yuan is approaching an end, as it has adopted a three-wave mode. The third wave labelled C, may travel a maximum distance 1.618 times the length of the first wave labelled A.The Fibonacci projection analysis reveals an ultimate target at 53,780 yuan, the 161.8 percent projection level, which has been narrowly missed. A break above 53,780 yuan may only trigger a limited gain to 54,250 yuan, the 176.4 percent level.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 in the analyses. Copyright Reuters, 2013 ...

Palm oil hits 1-month high KUALA LUMPUR: Malaysian palm oil futures rose to their highest in more than a month on Friday on growers' estimates showing output fell in August, raising hopes that stocks in the world's No.2 producer will tighten.Traders said figures from the Malaysian Palm Oil Association (MPOA), a group of planters, showed that production in Aug. 1-20 had dropped 7.4 percent compared with July. The data was confirmed by the MPOA."MPOA's figures are quite friendly because the ...
NY cocoa still targets $2,392 SINGAPORE: A bearish target at $2,392 per tonne remains unchanged for New York December cocoa, as indicated by its wave pattern and a Fibonacci retracement analysis.An uptrend from the June 28 low of $2,140 has reversed, as confirmed by the sharp drop from the Tuesday high of $2,547. The drop has been interrupted by support at $2,451, the 23.6 percent Fibonacci retracement on the uptrend.The rebound triggered by this support could have more or less ...
NY sugar poised to drop towards 15.93 cents SINGAPORE: New York October sugar is poised to break a support at 16.25 cents per lb and fall towards 15.93 cents.The support has been provided by the 76.4 percent Fibonacci retracement on the rise from the July 16 low of 15.93 cents to the Aug. 13 high of 17.29 cents. This is the last barrier to 15.93 cents.A rebound triggered by this support has been totally reversed, indicating the resumption of the preceding downtrend. A ...
Vietnam coffee prices fall near eight-week low-trade HANOI: Robusta coffee prices in Vietnam, the world's largest producer of the variety, dropped to 37,800 dong ($1.79) per kg on Friday, the lowest in nearly eight weeks, extending earlier falls which could hurt domestic trading, traders said.Prices fell to the lowest since July 1 when a kg stood at 37,200 dong in Daklak, Vietnam's top growing province, tracking Liffe robusta November contract that ended down 2 percent at $1,793 a tonne on Thursday.Prices were ...
CBOT wheat to drop to $6.19 SINGAPORE: CBOT September wheat is expected to drop to $6.19 per bushel, as it has completed a rebound from the Aug. 14 low of $6.23 and resumed a preceding downtrend.The rebound has been shaped into a rising wedge, which has formed a part of a flag. Both the wedge and the flag are bearish.Wave pattern shows a progressing wave C towards $6.19, its 61.8 percent Fibonacci projection level. The 76.4 percent projection level at $6.12-3/4 ...
LME aluminium to hover above support at $1,879 SINGAPORE: LME aluminium may hover above a support at $1,879 per tonne for one trading session before breaking this level and falling further to $1,853.The support is provided by the 61.8 percent Fibonacci projection level of a downward wave c, strengthened by another one at $1,882, the 38.2 percent Fibonacci retracement on the rise from the Aug. 7 low of $1,773.25 to Aug. 19 high of $1,949.The wave c is capable of travelling the same ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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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
WeeklyOctober 23, 2014
Reserves $13.465 bln