Commodities - Asia

CBOT soybeans may test support at $8.44-3/4

CBOT soybeans may test support at $8.44-3/4

The resistance is identified as the 23.6pc retracement of the uptrend from $8.18-1/2 to $8.61-1/4. The two failures to overcome this barrier signal a...

Palm oil falls on profit-taking, weaker crude

Palm oil falls on profit-taking, weaker crude

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slipped 32 ringgit, or 1.4pc, to 2,249 ringgit ($516.42) by...

CBOT corn may test resistance at $3.22

CBOT corn may test resistance at $3.22

This wave seems to have resumed, after being disrupted by a swift correction on May 26. Support is at $3.19-3/4, a break below which...

CBOT wheat may rise towards $5.10-3/4

CBOT wheat may rise towards $5.10-3/4

The support is provided by the 23.6pc retracement on the downtrend from $5.28 to $4.93-3/4. The stabilization around this support signals a completion of...

NY coffee may fall into $0.9850-$1.0025 range

NY coffee may fall into $0.9850-$1.0025 range

The support is provided by the 138.2pc projection level on a downtrend from $1.2260. Based on this projection analysis, the contract may eventually drop...

London copper gains on optimism over demand prospects

London copper gains on optimism over demand prospects

South Korea's central bank cut interest rates to a record low, and Japan approved a new $1.1 trillion stimulus package on Wednesday. However, risks...

Palm ends over 5pc higher on upbeat exports, lower output forecast

Palm ends over 5pc higher on upbeat exports, lower output forecast

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 113 ringgit, or 5.21pc, to 2,280 ringgit ($524.74),...

CBOT wheat signals mixed

CBOT wheat signals mixed

The range is formed by the 38.2pc and the 50pc retracements of the downtrend from $5.28 to $4.93-3/4. A break below $5.06-3/4 could cause...

NY cocoa may fall to $2,378 per tonne

NY cocoa may fall to $2,378 per tonne

The support is identified as the 23.6pc retracement of the uptrend from $2,201 to $2,487. The next support will be at $2,378, a break...

China says banks’ bad loans high due to virus, credit risks grow

China says banks’ bad loans high due to virus, credit risks grow

  BEIJING  - China’s banking and insurance regulator said on Tuesday that bad loans at banks now stand at a high level due to the impact...

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