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Shanghai copper may rise to 47,100 yuan SINGAPORE: Shanghai copper may rise further to 47,100 yuan per tonne, as it has broken above a resistance at 46,580 yuan.The resistance was provided by the 38.2 percent Fibonacci projection level of a presumed wave C, which started at 45,750 yuan, the Wednesday low. The next resistance will be at 47,100 yuan, the 38.2 percent projection level.Strategically, the target at 47,100 yuan will be confirmed when copper goes above 46,720 yuan. A drop to 46,300 yuan could signal a resumption of the downtrend from the April 2 high of 47,120 yuan.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 legal advice regarding the products mentioned in the analyses. Copyright Reuters, 2014 ...

Palm oil to retrace to 2,653 ringgit SINGAPORE: Palm oil faces a resistance at 2,703 ringgit per tonne and may retrace to 2,653 ringgit before retesting this barrier. The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the March 11 high of 2,916 ringgit to the April 11 low of 2,572 ringgit.It is stronger than the previous resistance at 2,653 ringgit, the 23.6 percent retracement which has triggered a correction. Chances are another correction could occur. A ...
CBOT soybeans face resistance at $15.30 SINGAPORE: CBOT soybeans May contract faces a resistance at $15.30 per bushel, a break above which will cause a further gain to $15.71.The resistance is provided by the 176.4 percent Fibonacci projection level of a wave C. A rise to $15.40 may signal a break above this barrier and the next resistance at $15.71, the 200 percent projection level, will be targeted.The bearish divergence on the daily RSI indicates a small chance of a break ...
Copper up 2nd day on China growth; nickel near 14-month peak SINGAPORE: London copper rose for a second session on Thursday as slightly better-than-expected Chinese growth data eased some fears about a hard landing in the world's top consumer of industrial metals. Nickel added 0.4 percent, building on Wednesday's gains and trading near its highest in more than a year on concerns escalating tensions over the crisis in Ukraine will curb supplies from Russia, the world's second-largest producer of refined nickel. Three-month copper on the London ...
China iron ore steadies after 5-day drop; flurry of spot deals SHANGHAI: Chinese iron ore futures steadied on Thursday after falling for five straight sessions as cheaper spot prices lured buyers but a slowing economy in the world's top consumer of the steelmaking raw material is expected to keep future demand subdued.Eight cargoes of 61.2 percent-grade Australian Pilbara iron ore fines were sold on the Singapore-based globalORE platform, with some deals struck at between $116.5-117.5 a tonne on Thursday, traders said."Weak steel sales and high iron ...
Indonesian wheat body sees 2014 imports at 7.1 million tonnes JAKARTA: Indonesia wheat imports will rise 6 percent to 7.1 million tonnes this year, an industry group in Asia's second-largest importer said, above a previous forecast of between 6.5-6.7 million tonnes for 2014. Last year, Indonesia shipped 6.7 million tonnes of wheat, Franciscus Welirang, chairman of the Indonesian Wheat Flour Mills Association, told reporters on Monday, again slightly higher than a previous forecast of 6.5 million tonnes.Australia usually supplies around 65 percent of Indonesia's imports ...
CBOT corn's target at $4.81 temporarily aborted SINGAPORE: A bearish target at $4.81 per bushel has been temporarily aborted for CBOT May corn, as it keeps on hovering above support at $4.94-1/4.Support is provided by the 23.6 percent Fibonacci retracement on the rise from the Jan. 10 low $4.14-1/2 to the April 9 high of $5.19, only a break below which could open the way towards the 38.2 percent retracement at $4.79.The rise could be broken down into five waves, indicating the ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln