Trends - CBOT - Business Recorder

CBOT

CBOT wheat may retest resistance at $7.03-1/2

This impulsive wave mode is highly consistent with the one from the May 26 low of $6.39-1/2. The consistency confirms a steady uptrend from $4.96-1/4.

Published 02 Jun, 2021 12:07pm

Markets

CBOT soybeans may retreat into $15.24-1/4 to $15.33-1/2 range

This wave has completed its first part.

Published 02 Jun, 2021 12:06pm

Markets

CBOT corn may test resistance at $7.01-3/4

A drop to $6.79 could make this wave count invalid, a bearish target of $6.67-1/2 will be established accordingly. On the daily chart, corn could be riding on an extended fifth wave.

Published 02 Jun, 2021 12:03pm

Markets

CBOT wheat may test resistance at $6.88-1/4

A retracement analysis on the trend reveals a target zone of $7.03-1/2 to $7.18-1/2. Support is at $6.69-1/2, a break below which may cause a fall to $6.58.

Published 01 Jun, 2021 11:34am

Markets

Malaysian palm oil jumps

SINGAPORE: Malaysian palm oil futures reversed losses incurred in the previous session and jumped over 2% on Friday,...

Published 30 May, 2021 03:51am

Markets

CBOT soybeans may retest resistance at $15.58

Based on this projection analysis, the contract may test a resistance at $15.73, a break above which could lead to a gain to $16.41-3/4.

Published 28 May, 2021 11:45am

Markets

CBOT wheat may retest a support at $6.39-1/2

Wave pattern suggests a lower target of $5.92-1/4, the bottom of the wave B. No matter where the drop ends, a decent bounce may occur around $6.17.

Published 27 May, 2021 12:02pm

Markets

CBOT corn may retest support at $6.08-1/2

As a result, the pullback may end around $6.31-3/4. A rise to $6.36 may confirm a break above $6.31-3/4 and a target of $6.46-1/2.

Published 27 May, 2021 12:01pm

Markets

CBOT soybeans may retest support at $14.89-3/4

A break above $15.11-3/4 may lead to a gain into $15.24-1/4 to $15.47 range. On the daily chart, the support at $15.04-1/4 failed to hold.

Published 27 May, 2021 12:00pm

Markets

Palm oil snaps four-day losing streak, jumps 3.47pc

The benchmark palm oil contract for August delivery climbed 3.47% to close at 4,025 ringgit ($972.22).
CBOT soyoil prices rose 1.43% on Tuesday, while prices for Dalian's soyoil and palm oil contract advanced 1.42% and 1.43%, respectively.

Updated 25 May, 2021 05:09pm

Markets

Palm oil set for first daily gain after four-day losing streak

The contract slumped 11% last week, the sharpest in a year, as a resurgence in COVID-19 cases and lockdown measures in India hit demand.

Published 25 May, 2021 12:39pm

Markets

CBOT soybeans may test resistance at $15.47

Regardless of final ending point of this wave, the uptrend will remain intact.

Published 25 May, 2021 12:29pm

Markets

CBOT corn may approach $6.71 again

A break below $6.47-1/2 may cause a fall to $6.33. On the daily chart, the contract looks sideways around a support at $6.52-1/4.

Published 25 May, 2021 12:12pm

Markets

CBOT wheat may test support at $6.62

SINGAPORE: CBOT wheat may test a support at $6.62 per bushel, a break below which could open the way towards the...

Published 25 May, 2021 04:40am

Markets

Palm oil falls over 2pc

SINGAPORE: Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in...

Published 25 May, 2021 04:40am

Markets

CBOT corn may retreat into $6.39-3/4 to $6.47-1/2 range

On the daily chart, the bounce over the past few days consists of a few candlesticks with very small bodies.

Published 21 May, 2021 12:25pm

Markets

CBOT soybeans may test support at $15.11-3/4

On the daily chart, the contract is sliding towards $15.04-1/4.

Published 21 May, 2021 12:19pm

Markets

Corn jumps 1% on strong Chinese demand; wheat recovers

Crop scouts on the second day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the southwestern portion of the state at 56.7 bushels per acre, up from 47.6 bushels in 2019.

Published 20 May, 2021 10:57am

Markets

Palm oil slips 3.5pc

KUALA LUMPUR: Malaysian palm oil futures dropped 3.5% on Wednesday after the second-largest producer raised its...

Published 20 May, 2021 04:26am

Markets

US MIDDAY: Soyabean, wheat and corn plunge

CHICAGO: US corn, soyabean and wheat futures fell sharply on Wednesday, with traders noting selling by investment...

Published 20 May, 2021 04:26am

Markets

CBOT soybeans may test support at $15.58-1/2

The contract consolidated above a support at $15.79-1/4 for a few days. It is facing a stronger support at $15.58-1/2, which may hold and trigger a bounce as well.

Published 19 May, 2021 11:42am

Markets

CBOT soybeans hit lowest since May 7; soymeal, soyoil also weak

Soymeal and soyoil futures also finished in negative territory after early strength.

Published 18 May, 2021 11:56pm

Markets

CBOT soybeans may bounce to $16.25-3/4

Based on this analysis, the contract may bounce towards $16.41-3/4.

Published 18 May, 2021 12:35pm

Markets

CBOT corn may stabilize around $6.26-3/4

A break below $6.26-3/4 may cause a drop to $6.01-1/4.

Published 17 May, 2021 11:48am

Markets

CBOT soybeans may bounce to $16 before falling

It must be noted that the whole uptrend from $8.33-1/4 remains steady and strong, the wave (4) is highly likely to end above $13.55.

Published 17 May, 2021 11:46am

Markets

Corn tumbles on long liquidation; soya, wheat modestly higher

CHICAGO: US corn futures fell for a third straight session on Friday, with the benchmark July contract hitting a...

Published 16 May, 2021 04:26am

Markets

Palm oil climbs 4pc to record high

KUALA LUMPUR: Malaysian palm oil futures ended 4% higher on Wednesday to hit a record peak of 4,524 ringgit...

Published 13 May, 2021 03:10am

Markets

US MIDDAY: Soyabeans surge near 9-year high

SINGAPORE/PARIS: Chicago soyabeans climbed more than 1.5% on Wednesday to their highest in nearly nine years, as...

Published 13 May, 2021 03:10am

Markets

CBOT wheat may revisit May 7 high of $7.67-1/2

These patterns will be confirmed when wheat breaks $7.63-1/4.

Published 12 May, 2021 12:25pm

Markets

CBOT corn may rise into $7.49-1/2 to $7.56-3/4 range

Such a combination suggests a strong bullish sentiment, which simply ruins the least chance of a deep correction. Wave pattern suggests a further extension of the uptrend.

Published 12 May, 2021 12:24pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

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