Monday 2 September 2013

TODAY COMMODITY MARKET STRATEGY

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


BASE METAL WRAP:

Copper led gains in industrial metals after a gauge of
manufacturing in China, the biggest consumer of commodities,
rose to a 16-month high.

ENERGY WRAP:

West Texas Intermediate crude fell for a third day after
President Barack Obama said he’ll seek authorization from
Congress before ordering military action against Syria,
easing concern that an imminent strike would disrupt Middle
East oil exports.

PRECIOUS METAL WRAP:

Gold fell as prospects for an attack against Syria receded,
and on bets the U.S. Federal Reserve will start to pare
stimulus as the economy improves. Silver halted a three-day
drop as manufacturing in China sustained an expansion.

GLOBAL EVENTS TO WATCH:

Building Approvals m/m, Manufacturing PMI.

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