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NY sugar to test resistance at 18.70 cents SINGAPORE: New York March sugar is expected to test a resistance at 18.70 cents per lb, a break above which will lead to a further gain to 18.95 cents.The resistance is provided by the 176.4 percent Fibonacci projection level of the wave C that started at the Aug. 22 low of 16.79 cents. The next resistance will be at 18.95 cents, the 200 percent projection level.Support is at 18.36 cents, a break below which will signal a reversal of the short uptrend that developed from the Sept. 30 low of 17.61 cents, and a further slide to 18.13 cents could be possible.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 ...

NY coffee remains neutral in $1.1320-$1.1620 range SINGAPORE: New York December coffee remains neutral in a range of $1.1320-$1.1620 per lb, only an escape could point a direction.It seems a high-low bottom is forming around $1.1320. However, this pattern could only be confirmed when its neckline at $1.1620 is broken, with a target at $1.1920 to be established thereafter.In the meantime, the support at $1.1320 looks vulnerable after coffee approached this level on Monday. A drop below $1.1320 will confirm the continuation ...
CBOT wheat to extend gain to $7.09 SINGAPORE: CBOT December wheat is expected to extend its gain to $7.09 per bushel, driven by an extended wave 5.The rise on Monday indicates an extension of this wave, which started at the Oct. 1 low of $6.72-1/2 and will be longer than the preceding wave 3 that ended at the Sept. 30 high of $6.94-3/4.The presumption on the extension has been backed by a bottom that formed around $6.36-3/4 between Aug. 14 and Sept. ...
CBOT soybeans still target $13.15-1/2 to $13.31-3/4 range SINGAPORE: A bullish target zone of $13.15-1/2 to $13.31-3/4 per bushel remains unchanged for CBOT soybeans November as indicated by a Fibonacci retracement analysis and a falling channel.Soybeans have climbed above a falling channel, within which they have been sliding from the Sept. 13 high of $14.00.The upper channel line of a duplicated channel suggests a target zone formed by the 38.2 percent and the 50 percent Fibonacci retracements on the fall from $14.00 to ...
Indonesian 2014 coal output seen at 410-420mn tonnes JAKARTA: Indonesian coal production is expected to increase by 5 percent to between 410-420 million tonnes in 2014 but could go higher, a leading industry association said on Tuesday.Output in the world's top thermal coal exporter is seen at around 400 million tonnes in 2013, Indonesian Coal Mining Association (ICMA) Chairman Bob Kamandanu told reporters, confirming a forecast from earlier this year."My figures are always conservative," said Kamandanu, adding that market conditions were changing. "If ...
CBOT corn to test resistance at $4.52-1/4 SINGAPORE: CBOT December corn is expected to test resistance at $4.52-1/4 per bushel, a break above which will open the way towards $4.63.The duration and the strength of the rebound from the Oct. 2 low of $4.35 indicate it is against a downtrend that developed from the Aug. 26 high of $5.08-1/4. A Fibonacci retracement analysis on the trend reveals resistance at $4.52-1/4, the 23.6 percent level.This resistance has been strengthened by a trendline descending ...
LME aluminium to climb into $1,866-$1,878 range SINGAPORE: LME aluminium may climb into a range of $1,866-$1,878 per tonne, driven by a wave c.This is the third wave of a three-wave cycle that developed from the Sept. 17 low of $1,775.50. It may eventually travel to $1,898, its 100 percent Fibonacci projection level.However, there is a resistance zone of $1,866-$1,878 to block the way towards $1,898. The zone has been formed by the 61.8 percent and the 76.4 percent projection levels.A drop ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln