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LME aluminium to retest support at $2,008 SINGAPORE: LME aluminium may retest a support at $2,008 per tonne, a break below which will lead to a further loss to $1,986. The support is at the 38.2 percent Fibonacci retracement on the rise from the Oct. 16 low of $1,893.50 to the Nov. 6 high of $2,078.75, temporarily blocking the way towards the next support at $1,986, the 50 percent level. It seems a triple-top has formed around $2,078.75, pointing a target at $1,937, the 76.4 percent level. Strategically, a drop to $2,000 will confirm this pattern, as well as a break below $2,008. 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 ...

Shanghai copper to rise to 47,190 yuan SINGAPORE: Shanghai copper third month may rise to 47,190 yuan per tonne as it has climbed above resistance at 46,930 yuan.Resistance was at the 23.6 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Oct. 17 low of 46,270 yuan.The next resistance will be at 47,190 yuan, the 38.2 percent level, a break above which will lead to a further gain to 47,400 yuan, ...
India readies new steps to curb surge in gold imports NEW DELHI: India is likely to announce new measures to curb gold imports as early as Tuesday, a senior finance ministry source said, and they could include restrictions on a group of private trading firms that have been allowed to bring in the precious metal.Shipments to the world's second-largest gold buyer jumped fourfold in October from a year earlier to $4.18 billion, raising concern about India's fragile balance of payments."We are working on it. The ...
Palm ends higher on optimism of lower supply and stocks KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, as weakening production fuelled optimism that inventories of the tropical oil may be lower than initially expected when final numbers for October are reported.A Reuters survey of industry officials pegs Indonesia's inventories at 2.38 million tonnes at end-October from 2.50 million tonnes in September.Traders though said sluggish demand and bumper soybean supplies would limit gains.Crude palm oil output in Indonesia and Malaysia, which together supply ...
NY cocoa still targets $2,863 SINGAPORE: New York March cocoa still targets a resistance at $2,863 per tonne again, as its rebound from the Nov. 13 low of $2,780 has extended. The rebound is against a five-wave cycle that developed from the Sept. 25 high of $3,349. At least, the 38 percent of the cycle will be reversed, which means cocoa could rebound to about $2,997, the 38.2 percent Fibonacci retracement on the cycle. The immediate resistance is at $2,863, ...
CBOT soybeans to retest support at $10.19-3/4 SINGAPORE: CBOT soybeans January contract may retest a support at $10.19-3/4 per bushel as a rebound triggered by this level seems to have completed.The support is provided by the 38.2 percent Fibonacci retracement on the rise from the Oct. 1 low of $9.12-1/4 to the Nov. 12 high of $10.86-1/4.The rebound caused by this support failed to extend above the upper trendline of a falling wedge. The failure indicates this pattern has not finished, and ...
CBOT corn to rise to $3.83 SINGAPORE: CBOT Dec. corn may rise to a resistance at $3.83 per bushel, as it has found a support at $3.73-3/4.The support and the resistance are identified respectively as the 23.6 percent and the 38.2 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that developed from the Oct. 1 low of $3.18-1/4.A break above $3.83 could signal the extension of the wave C towards $3.90-1/2, the 50 ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

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