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Tuesday 24 September 2013

TODAY COMMODITY MARKET STRATEGY

Dear All,

BASE METAL WRAP:

Copper advanced for the first time in four days on speculation
that demand in China, the world’s biggest consumer, will recover
after next week’s holidays.

ENERGY WRAP:

West Texas Intermediate snapped four days of losses before U.S.
data that’s forecast to show crude stockpiles dropped in the
world’s largest oil consumer.

PRECIOUS METAL WRAP:

Gold swung between gains and losses amid concern that the U.S.
Federal Reserve will slow the pace of its monthly bond purchases
before the end of the year after leaving the stimulus program
intact this month.

GLOBAL EVENTS TO WATCH:

Trade Balance, Core Durable Goods Orders m/m,
Durable Goods Orders m/m, New Home Sales, Crude Oil Inventories.




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