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Friday 30 August 2013

TODAY COMMODITY MARKET STRATEGY

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


BASE METAL WRAP:

Copper fell on Wednesday as the dollar rose and as nervousness
over a potential U.S.-led military strike against Syria made
investors more adverse to risk, while concerns over excessive
copper supply in China also weighed.

ENERGY WRAP:

West Texas Intermediate crude fell for a second day after U.K.
lawmakers rejected a motion for military action against Syria,
reducing the prospect of an imminent strike and easing concern
that unrest will disrupt Middle East supplies.


PRECIOUS METAL WRAP:

Gold fell, trimming a fourth weekly gain, after better-than-
expected U.S. economic data backed the case for the Federal
Reserve to slow stimulus just as tensions over Syria eased,
with U.K. lawmakers rejecting military action.

GLOBAL EVENTS TO WATCH:

FOMC Member Bullard Speaks, Core PCE Price Index m/m,
Personal Spending m/m, Personal Income m/m, FOMC Member
Bullard Speaks, Chicago PMI, Revised UoM Consumer Sentiment,
Revised UoM Inflation Expectations.



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