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LME copper to hover above $6,566 SINGAPORE: LME copper may hover above a support around $6,566 per tonne for one day or rebound to $6,640, as indicated by a wedge. The lower trendline of the pattern provides the support which has held the fall. Indeed, a pullback could have been triggered towards another trendline rising from the Nov. 5 low of $6,543.50. A drop below $6,550 could confirm the wedge as a bearish continuation pattern, which will point a target at $6,400, as pointed by the trendline parallel to the upper trendline of the wedge. 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 aluminium may revisit low of $2,045 SINGAPORE: LME aluminium may revisit its Nov. 26 low of $2,045 per tonne, as it could have completed a five-wave cycle. The cycle rose from the Nov. 18 low of $2,002, and could be divided into five small waves. Even the final wave labelled 5 could be divided into five small waves labelled i, ii, iii, iv, and v. The wave 5 has been shaped into a rising wedge, another typical topping pattern. After failing ...
Shanghai copper still targets 46,270 yuan SINGAPORE: Shanghai copper third month still targets its Oct. 17 low of 46,270 yuan per tonne, as it still hovers below a support at 46,920 yuan after breaking it.The support was provided by the 14.6 percent Fibonacci retracement on the fall from the Aug. 25 high of 50,750 yuan to 46,270 yuan, working as the last barrier towards 46,270 yuan.A sudden surge above 46,920 yuan, now a resistance, may signal the former break was false, ...
Gold slips further below $1,200 as fund outflows resume SINGAPORE: Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets.A weaker dollar after lacklustre US data, however, checked losses in gold which is seen as a safe-haven asset."Gold is stuck on either side of $1,200 with a break of $1,190 or $1,205 needed for the next leg in ...
Palm oil may revisit low of 2,187 ringgit SINGAPORE: Palm oil may revisit its Nov. 25 low of 2,187 ringgit per tonne, as indicated by its wave pattern and a falling wedge. The drop from the Nov. 3 high of 2,345 ringgit seems to be incomplete. It consists of three waves, with the third wave labelled (c) further divided into five smaller waves labelled 1, 2, 3, 4, 5. These five waves have been unfolding in a falling wedge, with the wave 5 ...
Palm oil ends higher after chart support holds KUALA LUMPUR: Malaysian palm oil futures ended higher on Wednesday, reversing losses from the early session as a round of technical buying and short covering underpinned it, although a drop in crude oil prices and a stronger ringgit limited gains.The benchmark February contract on the Bursa Malaysia Derivatives Exchange had inched up 1 percent to 2,239 ringgit ($668) per tonne by the day's close, recovering from a decline of as much as 0.5 percent in ...
Bangladesh issues tender to import 50,000 tonnes of wheat DHAKA: Bangladesh's state grains buyer issued a new international tender on Wednesday to import 50,000 tonnes of wheat as part of an effort to boost reserves, a procurement official said.Optional origin of supply was sought with shipment within 40 days after contract signing. The tender closing date is Dec. 14.This is the second international wheat purchase tender issued by Bangladesh since the current financial year started in July.The state grains purchasing agency plans to import ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

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