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Thursday 29 August 2013

TODAY COMMODITY MARKET STRATEGY

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


BASE METAL WRAP:

Copper dropped for a third day on mounting tensions in
Syria before a report that may show the U.S. economy
grew more than previously estimated, adding to the case
for the Federal Reserve to taper stimulus.

ENERGY WRAP:

West Texas Intermediate oil fell from the highest settlement
in more than two years, dropping for the first time in three
days. U.S. crude stockpiles increased by 2.99 million
barrels last week, a government report showed.

PRECIOUS METAL WRAP:

Gold retreated from a three-month high spurred by tensions
over Syria as U.S. economic data may reinforce the case for
the Federal Reserve to slow stimulus and a technical
indicator showed that prices were set to decline.

GLOBAL EVENTS TO WATCH:

ANZ Business Confidence, Private Capital Expenditure q/q,
Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q,
FOMC Member Bullard Speaks, Natural Gas Storage.

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