Wednesday 20 November 2013

COMMODITY MARKET STRATEGY. 21 NOVEMBER 2013

 BASE METAL WRAP:
Copper declined after minutes from the Federal Reserve’s last meeting signaled U.S. stimulus may be cut in coming months and negative private manufacturing data of China.
ENERGY WRAP:
West Texas Intermediate fell for a second day as investors weighed a possible easing of economic stimulus in the U.S., the world’s biggest oil consumer. Crude inventories rose for a ninth week.

PRECIOUS METAL WRAP: 
Gold traded near the lowest level in more than four months after the U.S. Federal Reserve signaled that policy makers may reduce monthly bond purchases in the coming months and investment holdings contracted.
GLOBAL EVENTS WATCH:

FOMC Meeting Minutes , BOC Gov Poloz Speaks, HSBC Flash Manufacturing PMI, Monetary Policy Statement, German Flash Manufacturing PMI, RBA Gov Stevens Speaks, PPI m/m, Unemployment Claims, Core PPI m/m, Flash Manufacturing PMI, FOMC Member Powell Speaks, Philly Fed Manufacturing Index, Natural Gas Storage, German Buba President Weidmann Speaks, FOMC Member Bullard Speaks.

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1 comment :

  1. Today tip for commodity...
    ALUMINIUM (31 DEC) TREND: BEARISH
    RES 1: 109.50
    RES 2: 111
    SUPP 1: 106
    SUPP 2: 105
    STRATEGY: SELL ON HIGH
    stock market tips for intraday free

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