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Reuters

Palm oil may test resistance at 3,757 ringgit
Markets

Palm oil may test resistance at 3,757 ringgit

  • The correction triggered by the resistance at 3,883 ringgit was driven by a wave 4, which may have ended around 3,679 ringgit, as suggested by its three-wave structure and the bounce from the Tuesday low of 3,690 riniggit.
Published 13 Jan, 2021 10:25am
China sees biggest COVID-19 spike in over 5 months, 4 cities in lockdown
World

China sees biggest COVID-19 spike in over 5 months, 4 cities in lockdown

  • The number of new asymptomatic cases, which China does not classify as confirmed cases, fell to 38 from 81 cases a day earlier. Seven of those were reported in Jilin, another northeastern provicne that borders Heilongjiang, underscoring the risk of transmission into differnet parts of the country.
Published 13 Jan, 2021 10:11am
Spot gold may retreat towards $1,833
Markets

Spot gold may retreat towards $1,833

  • The fall from $1,959.01 is so deep that it is classified as a continuation of the preceding downtrend from the Aug. 7, 2020 high of $2,072.50.
Published 13 Jan, 2021 09:46am
Indian shares hit record high on Airtel boost
Markets

Indian shares hit record high on Airtel boost

  • Shares of Bharti Airtel rose 5% and was the biggest boost to the Nifty 50 index after the company said on Tuesday it was initiating process to revise foreign investment limit up to 100%.
Published 13 Jan, 2021 09:43am