COMMODITY MARKET TREND - 05 DECEMBER 2013

BASE METAL WRAP: London copper slipped from a nine-day high hit in the previous session, as a short-covering rally triggered by surprisingly robust U.S. jobs data ran out of steam.

ENERGY WRAP: West Texas Intermediate traded near the highest price in more than a month after crude inventories shrank for the first time in 11 weeks in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold fell as the biggest gain in six weeks pushed the metal to a level where sell orders were seen clustered, and some investors speculated that data tomorrow may reinforce the case for the Federal Reserve to taper stimulus.

GLOBAL EVENTS TO WATCH: Autumn Forecast Statement, Asset Purchase Facility , Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, Building Permits m/m, ECB Press Conference, Prelim GDP q/q, Unemployment Claims, Treasury Sec Lew Speaks, Prelim GDP Price Index q/q, Ivey PMI, Factory Orders m/m, Natural Gas Storage.

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