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Monday 26 August 2013

TODAY COMMODITY MARKET STRATEGY

              (...............(Dear All)..................)


BASE METAL WRAP:

Copper saw a bounce towards the weekend as signs
of re-emerging appetite for the metal in top
consumer China boosted the demand outlook and
helped offset concerns over a tapering of
monetary stimulus in the United States.

ENERGY WRAP:

West Texas Intermediate crude rose for a third day
as speculation the Federal Reserve will maintain
economic stimulus boosted the demand outlook in the
world’s biggest oil user. Brent’s premium to WTI
narrowed.

PRECIOUS METAL WRAP:

Gold swung between gains and losses after climbing
to the highest level since June as investors weighed
the outlook for stimulus in the U.S., with a slump
in new-home sales boosting the case for sustained
debt-buying.

GLOBAL EVENTS TO WATCH:

Trade Balance, Core Durable Goods Orders m/m,
Durable Goods Orders m/m


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