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CBOT soybeans target $9.69-1/2 SINGAPORE: CBOT soybeans March contract is expected to break a support at $9.83 per bushel and fall further to $9.69-1/2.The support is provided by the 86.4 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle that developed from the Nov. 12, 2014 high of $10.89-3/4. The next support will be at $9.69-1/2, the 100 percent level.Resistance is at $9.92-3/4, the 76.4 percent projection level, a break above which could lead to a further gain to the next resistance at $10.07, the 61.8 percent level.Wang Tao is a Reuters market analyst for commodities and energy technicals. 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, 2015 ...

Indonesia Dec palm oil output seen 6pc lower: Reuters survey JAKARTA: Indonesian crude palm oil output is estimated to have fallen around 6 percent in December from November, hit by a seasonal downturn in production, a survey of leading industry officials showed.Palm output was 2.165 million tonnes in December in the world's top producer, according to the median estimate in a Reuters survey of four Indonesian industry officials and plantation companies, versus 2.306 million tonnes in November."I suspect it is due to seasonality factors because ...
CBOT corn may test resistance at $3.83-1/4 SINGAPORE: CBOT March corn may test a resistance at $3.83-1/4 per bushel, a break above which could lead to a further gain to $3.87-3/4.The contract has found a support at the Jan. 14 low of $3.76. It could be too aggressive to presume the formation of a double-bottom. However, it might not be unrealistic to expect a flat or a triangle.The flat wave pattern indicates a good chance of corn climbing to $3.87-3/4, while the ...
CBOT wheat to rebound to $5.55-1/4 SINGAPORE: CBOT March wheat has found a support at $5.26-1/2 per bushel and may rebound towards a resistance at $5.55-1/4.The support and the resistance are identified respectively as the 76.4 percent and the 61.8 percent Fibonacci retracement on the uptrend from the Sept. 25, 2014 low of $4.80 to the Dec. 18, 2014 high $6.77.The downtrend from $6.77 may have completed, as it has been driven by the second wave of a three-wave cycle that ...
TOCOM ends down 1.6pc, hits one-month low TOKYO: Benchmark Tokyo rubber futures fell 1.6 percent on Friday, posting their biggest weekly drop in about a year, as slumping oil prices and a stronger yen encouraged investors to liquidate contracts to avoid risks ahead of the weekend.Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, also came under pressure amid signs that rubber supplies in Thailand were increasing to above-normal levels after heavy flooding late last ...
NY sugar to retest resistance at 15.35 cents SINGAPORE: New York March sugar is expected to retest a resistance at 15.35 cents per lb, a break above which will lead to a further gain to 15.51 cents.The resistance is at the 61.8 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle that developed from the Jan. 5 low 14.07 cents. This wave may eventually travel to 15.77 cents, its 100 percent projection level.A higher level at ...
Gold poised for best week in nearly a year on safe-haven demand SINGAPORE: Gold traded near its highest level in four months on Friday and looked set to post its best week in ten months, as investors sought safety from market volatility after Switzerland unexpectedly scrapped a cap on the franc.Spot gold was firm at $1,259.80 an ounce by 0728 GMT, after jumping to $1,266.11 on Thursday, a level last reached in September.Thursday's volatility in global markets saw investors channelling money towards gold, often seen as an ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln