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Wednesday 28 August 2013

TODAY COMMODITY MARKET STRATEGY


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



BASE METAL WRAP:

Copper advanced as China eased rules on overseas securities
investments and after U.S. consumer confidence added to
signs of improving demand in the biggest economy.

ENERGY WRAP:

West Texas Intermediate crude surged to the highest price since
May 2011 on concern that conflict in Syria may spread to other
parts of the Middle East and threaten oil supplies.

PRECIOUS METAL WRAP:

Gold traded near the highest level since May after a four-day rally
as speculation that the U.S. may lead military strikes against Syria
within days spurred investors’ demand for a haven. Silver and
platinum advanced. Commodities advanced to the highest level in more
than six months as escalating tension in Syria spurred a rally in
oil on concern that supplies from the Middle East may be disrupted.

GLOBAL EVENTS TO WATCH:

BOE Gov Carney Speaks, Pending Home Sales m/m, Crude Oil Inventories.

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