Sunday 13 October 2013

Today Commodity Market Strategy 14TH OCT

  Dear All,

BASE METAL WRAP: 
The worldwide glut of copper supply is poised to almost triple in 2014, driving prices to the lowest in at least three years at a time when the International Monetary Fund says economic growth will be weaker than forecast.

ENERGY WRAP: 
West Texas Intermediate fell for a second day as U.S. lawmakers continued to negotiate an accord to raise the government’s debt limit amid concern a potential default may slow global economic growth and sap fuel demand.

PRECIOUS METAL WRAP: 
Gold swung between gains and losses above a three-month low as U.S. Senate leaders struggled to draft an accord to increase the debt limit and avert a default before a deadline this week.

GLOBAL EVENTS TO WATCH: 
CPI y/y. Bank Holiday.

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