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Tokyo futures end higher on firm oil, but upside seen capped BANGKOK: Tokyo rubber futures ended higher on Tuesday, helped by firmer oil, but further gains were capped as there was no fresh demand to push prices up, dealers said.The Tokyo Commodity Exchange rubber contract for December delivery rose 1.4 yen to settle at 199.4 yen ($1.96) per kg."TOCOM was supported by rising oil prices, but the market still lacked good news or brighter data from major consumers about rising demand to help prices substantially," said a Bangkok-based dealer.Brent crude climbed above $106 a barrel on Wednesday as data from China showed its economy grew faster than expected in the second quarter and the country's implied oil demand rose to its highest since the beginning of last year.Dealers said TOCOM prices could be trapped in a narrow range, with the 200-yen level was seen as a major resistance.The most-active rubber contract on the Shanghai futures exchange for September delivery rose 80 ...

CBOT soybeans to rebound more to $11.09 SINGAPORE: CBOT soybeans November contract is expected to rebound more to $11.09 per bushel, as it has stood above a neutral range of $10.72-1/2 to $10.90-3/4.The range has been formed by the 223.6 percent and the 200 percent Fibonacci projection levels of downward wave 3 that developed from the June 26 high of $12.46-1/4.A small high-low bottom forming around $10.72-1/2 has been confirmed, pointing a target between $11.09 and $11.20-1/2, the 161.8 percent projection level. ...
Palm rises as soy markets recover; weak ringgit supports KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, recouping from the previous session's slide to an over-9-month low, as a recovery in comparative soy markets and a weaker ringgit provided some relief to the tropical oil.The US soyoil contract rose 0.3 percent in early Asian trade, while the most active soybean oil contract on the Dalian Commodities Exchange gained 0.2 percent. Palm oil typically tracks soy markets, a common food and fuel substitute.A weaker ...
CBOT wheat to rebound into $5.44-1/2 to $5.49 range SINGAPORE: CBOT September wheat is expected to rise into a range of $5.44-1/2 to $5.49 per bushel, as its rebound from the July 14 low of $5.24-1/4 has not completed.The rebound has extended above resistance at $5.37-1/2, the 200 percent Fibonacci projection level of a downward wave 3. It may pierce into the range formed by the 176.4 percent and the 161.8 percent projection levels.A break below $5.37-1/2 will make signals neutral. Only a further ...
China steel, iron ore hold near 7-week highs after firm GDP SINGAPORE: Steel and iron ore futures in China steadied near seven-week highs on Wednesday after data showed the Chinese economy grew slightly faster than expected in the second quarter.Both commodities rose to their highest level since late May on Tuesday ahead of the data on expectations that China would continue with stimulus measures, including infrastructure spending, to aid growth.The world's No. 2 economy expanded 7.5 percent in April-June, quicker than the 7.4 percent that economists ...
Shanghai copper to fall to 49,810 yuan SINGAPORE: Shanghai copper is expected to drop to a support at 49,810 yuan per tonne, a break below which will lead to a further loss to 49,260 yuan.The support is provided by the 38.2 percent Fibonacci retracement on the rise from the June 9 low of 46,940 yuan to the July 4 high of 51,580 yuan.It will temporarily block the way towards the next support at 49,260 yuan, the 50 percent level.Resistance will be at ...
Gold below $1,300 on stronger dollar, interest rate fears SINGAPORE: Gold steadied after two days of losses on Wednesday but held below $1,300 an ounce, near a four-week low, on a stronger dollar and fears that the Federal Reserve could hike US interest rates sooner than expected.Fed Chair Janet Yellen said on Tuesday the US central bank could raise rates earlier or faster if hiring and wages take off in an unexpected way, though she signalled that the Fed will keep monetary policy loose ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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WeeklyJuly 10, 2014
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