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Friday 20 September 2013

TODAY COMMODITY MARKET STRATEGY


Dear All,

BASE METAL WRAP:

Copper was poised for the biggest weekly gain in a year after the Federal
Reserve unexpectedly maintained monetary stimulus in the U.S., the second
-biggest consumer of the metal.

ENERGY WRAP:

West Texas Intermediate headed for a second weekly loss as Libya’s oil output
increased and the threat of military strikes against Syria receded, damping
concern that Middle East supplies may be disrupted.

PRECIOUS METAL WRAP:

Gold snapped a two-day advance, trimming the first weekly increase in a month,
as U.S. economic data backed the case for reduced stimulus after the Federal
Reserve this week maintained the pace of monthly bond purchases. Silver,
platinum and palladium declined.

GLOBAL EVENTS TO WATCH:

BOJ Gov Kuroda Speaks, Core CPI m/m, FOMC Member George Speaks,
FOMC Member Tarullo Speaks, FOMC Member Bullard Speaks.
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