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CBOT corn faces resistance at $4.37-1/2 SINGAPORE: CBOT December corn faces a resistance at $4.37-1/2 per bushel, a break above which will open the way towards $4.51.The resistance is provided by the 23.6 percent retracement on a downtrend that fell from the Aug. 26 high of $5.08-1/4 to the Nov. 8 low of $4.15-1/2. The strength of the rebound indicates it may eventually extend to $4.51, the 38.2 percent level.However, it is not clear if the resistance at $4.38 could be broken this time, as corn may first pull back towards a trendline descending from $5.05-1/4, before rebounding again.A rise to $4.40 could signal a break above the resistance, while a drop below $4.33 will indicate the progressing pullback towards $4.27.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 ...

Palm ends higher, investors turn bullish after industry report KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, snapping four straight days of losses after an industry report signalled tighter supplies of the tropical oil in coming months, although weak exports kept a lid on gains.Data released by the Malaysian Palm Oil Board (MPOB) on Monday showed that stocks in Malaysia, the world's second-largest producer, rose to 1.85 million tonnes at end-October, slightly above market expectations of 1.82 million tonnes.Output in October inched ...
India's Oct palm oil imports seen up on festival demand NEW DELHI: India's palm oil imports likely rose for a second straight month in October as strong demand for cooking during the festival season and low domestic supplies of competing soyoil boosted purchases, a Reuters survey showed on Monday.A firmer rupee last month also underpinned arrivals, but the currency's drop against the dollar in 2013 could hurt edible oil imports by the world's largest buyer in the marketing year ended October, the average of forecasts ...
Indian sugar futures edge down, could fall further NEW DELHI: Indian sugar futures dropped due to poor demand and ample stocks with mills, and many trade and industry officials believe the contract could fall further.The key December contract was down 0.11 percent at 2,837 rupees per 100 kg at 1033 GMT on the National Commodity and Derivatives Exchange."There is hardly any demand, mills are swamped with sugar and once the new cane-crushing season starts, prices will go down further," Mukesh Kuvadia, secretary general ...
Indian gold demand mute as weak rupee raises price MUMBAI: Gold demand in India was muted on Monday as jewellers were on the sidelines as a weak rupee sent gold prices higher.India celebrated Dhanteras, the biggest gold buying festival, and Diwali earlier this month, when scarcity of the yellow metal and higher prices pushed consumers to buy silver and diamond jewellery.The wedding season is underway in the world's biggest consumer of gold."Supplies are limited. Only few jewellers are buying at the current price," said ...
Thai white rice to rise to $505 before a fall SINGAPORE: Thai white rice may rise to $505 per tonne and then fall towards support $415 over the next three months, as indicated by its wave pattern and a Fibonacci projection analysis.Rice is riding on a downward wave C which may eventually travel to $275, its 61.8 percent Fibonacci projection level. However, it failed to break support at $415, the 38.2 percent level.Given that the previous support at $505, the 23.6 percent projection level, has ...
NY sugar to end drop around 17.55 cents before rising in 4 week SINGAPORE: New York sugar may end its current drop around a support at 17.55 cents per lb and rise towards its Oct. 18 high of 20.16 cents over the next four weeks, as it has not finished a rebound from the July 16 low of 15.93 cents.The rebound followed the completion of a long-term corrective wave cycle that developed from the February 2011 high of 36.08 cents. The completion of the cycle has been indicated ...

 



 
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