today-commodity-market-strategy

BASE METAL WRAP:   Copper dropped, paring the first quarterly gain in a year, on slowing demand in China before next week’s holidays and on concern that U.S. budget negotiations are stalling.

ENERGY WRAP:   West Texas Intermediate crude fell for a sixth day, the longest losing streak in 16 months, after a government report showed U.S. inventories unexpectedly rose last week as demand slipped.

PRECIOUS METAL WRAP:   Gold traded little changed after its biggest advance in a week as investors weighed the risk of a U.S. government shutdown against the outlook for the Federal Reserve’s stimulus measures amid mixed economic data.

GLOBAL EVENTS TO WATCH:   Current Account, Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Pending Home Sales m/m, FOMC Member Stein Speaks, Natural Gas Storage.