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US oil to retrace to $81.70 SINGAPORE: US oil is expected to retrace further to $81.70 per barrel and then rise towards $82.89 as indicated by its wave pattern and a Fibonacci retracement analysis.The sharp gain from the Oct. 16 low of $79.78 was driven by a wave (4), the fourth wave of a five-wave cycle that developed from the Sept. 30 high of $94.90.This wave will consist of three waves, so far, only the first wave labelled a has completed around resistance at $84.81, the 38.2 percent Fibonacci retracement on the fall from the Oct. 1 high of $92.96 to $79.78.The second wave, the wave b, is half-completed, and may extend to $81.70, the 14.6 percent level. This wave will be either partially or fully reversed by an upward wave c, which could travel to $82.89, the 23.6 percent level, or to $84.81.** Wang Tao is a Reuters market analyst for commodities and energy technicals. ...

Brent oil may retrace to $85 SINGAPORE: Brent oil faces resistance at $86.67 per barrel and may retrace to the Oct. 16 high of $85 to fill a gap on the daily chart.The resistance has been identified as the 76.4 percent Fibonacci projection level of a downward wave C that started at the June 19 high of $115.71 and it may stop oil from rebounding further.Even though the gap on the daily chart has been caused by a switch from the ...
Brent crude rallies above $86 but still heading for 4th weekly loss SINGAPORE: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive US data buoyed global financial markets, although market analysts doubted the rally would take it much higher.The global oil benchmark is still headed for its fourth weekly loss in a row, having hit a four-year low on Thursday as excess supply and weak demand from Europe to China pummelled prices.Front-month ...
Brent crude rallies above $86 but heads for 4th weekly loss SINGAPORE: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive US data buoyed global financial markets, although market analysts doubted the rally would take it much higher.The global oil benchmark is still headed for its fourth weekly loss in a row, having hit a four-year low on Thursday as excess supply and weak demand from Europe to China pummelled prices.Front-month ...
Asia Pacific crude weaker; Sokol, Chim Sao premiums fall SINGAPORE: The Asia-Pacific crude market weakened on Thursday as a combination of poor refining margins and a glut of crude in the region weighed on differentials.Oil prices continued to slide, with Brent crude futures falling to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), was unchanged at $1.75 a barrel.TENDERSPV Oil, the marketing ...
Oil slide deepens as economic worries mount SEOUL/SINGAPORE: Oil fell more than $1 a barrel on Thursday, with Brent crude hitting a fresh four-year low at below $83, as growing concerns over the global economy stretched a four-month rout.Brent has lost more than 28 percent since June amid slow demand and abundant supply, with losses accelerating in recent weeks on signals that the Organization of the Petroleum Exporting Countries will not slash output to rescue prices.Economic concerns accelerated losses in oil prices ...
Oil prices tumble in Asia SINGAPORE: Oil prices resumed their downward spiral in Asian trade Thursday following another sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery fell $1.03 to a two-year low of $80.75 a barrel in afternoon trade. Brent crude for November retreated 87 cents to $82.91, levels last seen four years ago.Both contracts have lost more than a fifth of their value since ...

 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln