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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, the 14.6 percent level, a break above which will open the way towards the next resistance at $2,914, the 23.6 percent level.A drop below $2,780 may be extended to $2,720. 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 ...

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 ...
Japan aluminium stocks hit 5-1/2-year high as demand shrinks TOKYO: Aluminium stocks held at three major Japanese ports rose for a seventh straight month, hitting a 5-1/2-year high at the end of October as demand fell and the world's third-largest economy unexpectedly slipped into recession. The inventory increase also reflects slowing demand elsewhere in Asia as China steps up exports of cheaper aluminium products to neighbour countries, said a Tokyo-based trader who declined to be named. Aluminium stocks held at the ports of Yokohama, ...
Japan offers to buy 123,192 tonnes food wheat via tender TOKYO: Japan's Ministry of Agriculture is seeking to buy a total of 123,192 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday.Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of its second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month. Copyright Reuters, 2014 ...
CBOT wheat to rise to $5.60 SINGAPORE: CBOT December wheat is expected to retest a resistance at $5.60 per bushel, as it has found a support at $5.50-1/2.The resistance and the support are identified respectively as the 61.8 percent and the 50 percent Fibonacci projection levels of an upward c, the third wave of a three-wave cycle that developed from the Sept. 25 low of $4.66-1/4. This wave is incomplete, as it may eventually travel to $5.90-1/4, the 100 percent level.A ...
Corn falls for 3rd day on ample supply, soy eases after rally SINGAPORE: Chicago corn slid for a third straight session on Tuesday under pressure from record supplies, while wheat edged higher as cold weather threatened the US winter crop. Soybean prices fell after the market rallied 1.3 percent in the last session on strong demand from domestic processors and importers."The soybean market is taking a bit of a breather here," said Paul Deane, an agricultural economist at ANZ Bank in Melbourne. "It is a reasonable value ...


Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
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Arrow Sensex 28,693.99 0.90

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