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CBOT wheat may fall into $5.53-$5.58 range SINGAPORE: CBOT December wheat may fall further into a range of $5.53-$5.58 per bushel, as indicated by a wedge.The pattern developed from the July 29 low of $5.42-1/4, and could consist of five small waves in total. The fall from the Aug. 28 high of $5.79-1/4 has been driven by the fourth wave labelled D, which may travel to $5.45, the Aug. 20 low, close to the lower trendline of the triangle.A Fibonacci retracement analysis on the rise from $5.45 to $5.79-1/4 reveals a support at $5.62, the 50 percent level, which may temporarily stop the wave D.A further rebound may be limited to $5.66, the 38.2 percent level, a break above which could trigger a further gain to $5.71, the 23.6 percent level.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 ...

Palm lifted by soy and better exports, but hovers near 5-1/2-year lows KUALA LUMPUR: Malaysian palm oil futures edged up on Tuesday, lifted by gains in overseas soy oil markets and on better-than-expected exports in August, although concerns about higher edible oil supplies kept prices near five-and-a-half-year lows.Shipments of Malaysian palm oil products fell 4.8 percent from a month earlier to 1,288,117 tonnes in August, cargo surveyor Intertek Testing Services said, but recovered from steeper losses earlier in the month as a surge in demand from India ...
CBOT soybeans neutral in $10.19-3/4 to $10.36 range SINGAPORE: CBOT soybeans November contract looks neutral in a range of $10.19-3/4 to $10.36 per bushel, an escape will point a direction.The range has been formed by the Aug. 26 low of $10.19-3/4 and the 23.6 percent Fibonacci retracement on the fall to this low from the Aug. 11 high of $10.89-1/4.The chart from Aug. 26 looks like a double-bottom, which is a strong bullish reversal signal.However, a continuation pattern will be confirmed should soybeans ...
Gold falls to near 1-week low on dollar strength SINGAPORE: Gold fell to its lowest level in nearly a week on Tuesday as a stronger dollar outweighed any safe-haven demand from lower equities and heightened tensions over Ukraine.Palladium hovered near a 13-1/2 year high on fears that possible Western sanctions on Russia could hit supply, while silver tracked gold lower as the dollar hit a seven-month peak against the yen and held near a one-year high against the euro.The dollar strength ahead of the ...
Thailand cuts 2013/14 domestic sugar quota, sees higher exports BANGKOK: Thailand, the world's second-biggest sugar exporter, has cut its 2013/14 sugar quota for domestic consumption by 100,000 tonnes, a senior official said, increasing the amount available for export despite a global surplus. The Office of Cane and Sugar Board (OCSB) said it expects 2014 sugar exports to reach a record 8.8 million tonnes,although traders have been sceptical about rising exports as the glut has depressed sales. The OCSB, which oversees the country's sugar industry, ...
South Korea's rice import tariffs to exceed 500pc SEOUL: South Korea's agriculture ministry will set rice import tariffs at more than 500 percent starting from next year, local news agency Yonhap reported, quoting a senior ministry source on Tuesday. US and Chinese rice exporters are watching the Korean government's decision on grain import tariffs after Seoul said in July that it would scrap caps on rice imports from 2015, potentially opening up the politically senstive market to more imports. Seoul said at the ...
Spot gold to approach low of $1,273.06 SINGAPORE: Spot gold is expected to break a support at $1,280 per ounce and then approach the Aug. 21 low of $1,273.06.The metal has broken below a higher support at $1,285, the 23.6 percent Fibonacci retracement on the fall from the Aug. 8 high of $1,322.60 to $1,273.06, the next support will be at the 14.6 percent level of $1,280.A drop below $1,273 is less anticipated, as a high-low bottom or double-bottom may form around ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln