Tuesday 26 November 2013

COMMODITY MARKET TREND - 27 NOVEMBER 2013

BASE METAL WRAP: Copper swung between gains and losses as investors weighed indications of strong demand against consensus of increasing supplies next year.

ENERGY WRAP: West Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold traded little changed on speculation that prices near a four-month low may lure buyers and as investors assessed the timing of a reduction in stimulus by the Federal Reserve.

GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, Core Durable Goods Orders m/m, Unemployment Claims, Durable Goods Orders m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, CB Leading Index m/m, Crude Oil Inventories, Natural Gas Storage.


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