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Spot gold may revisit low of $1,273.06 SINGAPORE: Spot gold may revisit its Aug. 21 low of $1,273.06 per ounce, as the rebound from this level could have completed.The completion has been indicated by a division of the rebound into three small waves labelled a, b, c, with the wave c having obviously peaked around a resistance at $1,290, the 23.6 percent Fibonacci retracement on the fall from the July 10 high of $1,345 to $1,273.06.A break above $1,290 will confirm the extension of the rebound towards $1,301, the 38.2 percent retracement.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 ...

LME copper targets $6,970 SINGAPORE: LME copper is expected to test a support at $7,017 per tonne, a break below which will lead to a further loss to $6,970. The support is provided by the 50 percent Fibonacci retracements on the fall from the July 8 high of $7,212 to the Aug. 14 low of $6,821. The next support will be at $6,970, the 38.2 percent level. The depth of the fall from the Aug. 26 high of $7,108.75 ...
LME aluminium to rise to $2,129 SINGAPORE: LME aluminium is expected to rise to $2,129 per tonne, as it has cleared a resistance at $2,074. The resistance was at the 138.2 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of $1,754.75. The next resistance will be at $2,129, the 161.8 percent level. The final component wave of the wave C is unfolding and may peak around $2,129, as suggested by a trendline ascending ...
Shanghai copper to test support at 50,100 yuan SINGAPORE: Shanghai copper is expected to test a support at 50,100 yuan per tonne, as it has broken a higher support at 50,450 yuan.The uptrend from the Aug. 15 low of 48,620 yuan has completed around the resistance at 50,880 yuan, the 76.4 percent Fibonacci retracement on the fall to 48,620 yuan from 51,580 yuan, an hourly chart high touched on July 3.After breaking the support at 50,450 yuan, copper is falling towards the 50 ...
Soybeans rise from contract lows, corn holds near 2 week trough SINGAPORE: Chicago soybeans rose half a percent on Wednesday as expectations of end-user demand lifted the market after prices slid to a contract low in the previous session on an outlook for record US production. Corn was largely unchanged, trading near Tuesday's two-week low, as the US crop thrives in decent weather.Wheat edged higher but, gains were capped after Egypt bought Russian and Romanian cargoes, bypassing US supplies.Chicago Board of Trade November soybeans had risen ...
Palm oil to gain more to 2,076 ringgit SINGAPORE: Palm oil is expected to rise more to 2,076 ringgit per tonne, driven by a wave c. This is the third wave of a three-wave cycle that developed from the Aug. 25 low of 1,954 ringgit. It is capable of travelling to 2,076 ringgit, the 276.4 percent Fibonacci projection level of a downward wave 3. A further gain above 2,076 ringgit could be less likely, as the wave pattern suggests the current rebound will ...
Gold drifts higher; firm dollar and equities limit upside SINGAPORE: Gold edged higher on Wednesday, its third day of gains in four, but a lack of buying support from Asia, a strong US dollar and firmer equities due to hopes of more stimulus from the European Central Bank are expected to check any big upside for the metal.Bullion has struggled in August to decisively break above the psychological level of $1,300 an ounce as speculation grew about an earlier than expected increase in US ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln