Wednesday, 25 September 2013

COMMODITY MARKET TREND – 26 SEP 2013

BASE METAL WRAP: Copper dropped, paring the first quarterly gain in a year, on slowing demand in China before next week’s holidays and on concern that U.S. budget negotiations are stalling.
ENERGY WRAP: West Texas Intermediate crude fell for a sixth day, the longest losing streak in 16 months, after a government report showed U.S. inventories unexpectedly rose last week as demand slipped.
PRECIOUS METAL WRAP: Gold traded little changed after its biggest advance in a week as investors weighed the risk of a U.S. government shutdown against the outlook for the Federal Reserve’s stimulus measures amid mixed economic data.
GLOBAL EVENTS TO WATCH: Current Account, Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Pending Home Sales m/m, FOMC Member Stein Speaks, Natural Gas Storage.

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