Tuesday, 24 September 2013

COMMODITY MARKET TREND – 25 SEP 2013

BASE METAL WRAP: Copper advanced for the first time in four days on speculation that demand in China, the world’s biggest consumer, will recover after next week’s holidays.
ENERGY WRAP: West Texas Intermediate snapped four days of losses before U.S. data that’s forecast to show crude stockpiles dropped in the world’s largest oil consumer.
PRECIOUS METAL WRAP: Gold swung between gains and losses amid concern that the U.S. Federal Reserve will slow the pace of its monthly bond purchases before the end of the year after leaving the stimulus program intact this month.
GLOBAL EVENTS TO WATCH: Trade Balance, Core Durable Goods Orders m/m, Durable Goods Orders m/m, New Home Sales, Crude Oil Inventories.

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