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US oil to drop to $89.87 SINGAPORE: US oil is expected to slide to $89.87 per barrel, as it has cleared support at $91.14.The support was provided by the 161.8 percent Fibonacci projection level of a downward wave C that started at the July 22 high of $105.25. The next support will be at $89.87, the 176.4 percent level, a break below which will lead to a further loss to $87.81, the 200 percent level.Resistance will be at $92.17, the 150 percent projection level, a break above which could signal the formation of a temporary bottom around $91.14, and the resistance at $93.20, the 138.2 percent level, will be retested.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, ...

Brent oil to break support at $95.96 SINGAPORE: Brent oil may break support at $95.96 per barrel and fall more to $95.41, driven by a wave (5).This is the fifth wave of a five-wave cycle falling from the Sept. 1 high of $103.30.It is approaching $95.96, the 123.6 percent Fibonacci projection level, based on the fall from the Sept. 3 high of $103.13 to the Sept. 8 low of $99.36.Experience indicates that the 123.6 percent projection level seldom works as a bottom ...
Indonesia expects output from Exxon Mobil's Cepu block to peak in July/Aug 2015 JAKARTA: Indonesia expects crude output from Exxon Mobil Corp's Cepu oil block to peak in July or August next year, an official from the country's oil and gas regulator said on Monday. The Banyu Urip field, part of the Cepu block near Surabaya in East Java, is expected to produce on average 119,000 barrels per day (bpd) next year. "It will reach a peak in the third quarter, or beginning in July or August, at ...
China stocks slightly lower in morning trade SHANGHAI: Chinese stocks were slightly lower in morning trade on Monday, after data released over the weekend sparked worries over the health of the world's second biggest economy.The benchmark Shanghai Composite Index slipped 0.26 percent, or 6.16 points, to 2,325.79.The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.05 percent, or 0.66 points, to 1,294.13.China's industrial production growth slowed sharply in August to its lowest level for more than five years ...
Oil prices fall after weak Chinese data SINGAPORE: Oil prices fell in Asia Monday after a sharp slowdown in Chinese industrial production raised concerns about slackening demand in the world's top energy consumer, analysts said. US benchmark West Texas Intermediate for October delivery eased $1.06 to $91.21, while Brent crude for October fell 63 cents to $96.48 in mid-morning trade."Oil has come off a fair bit as investors are taking in the weak Chinese industrial production data released over the weekend," Michael ...
China Aug crude oil throughput climbs 4.4pc on year SHANGHAI: China's refinery throughput rose 4.4 percent in August from a year earlier to 41.39 million tonnes, or 9.75 million barrels per day (bpd), data from the National Bureau of Statistics showed on Saturday.The daily run rate is up 0.8 percent compared with the 9.67 million bpd recorded in July.Copyright Reuters, 2014 ...
China Aug power output falls 2.2pc on year SHANGHAI: China's power generation fell 2.2 percent in August from a year earlier, data from the country's National Bureau of Statistics showed on Saturday.Power output in the world's top consumer was 495.9 billion kilowatt hours (kWh) in August, down 1.8 percent from 504.8 kWh from the preceeding month, data showed.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln