Wednesday 26 March 2014

COMMODITY MARKET TRENDS 27 MARCH 2014

BASE METAL WRAP: 
Copper dropped from a two-week high amid concern that economic growth is slowing and default risks are rising in the biggest-user China at a time when global supplies are increasing.

ENERGY WRAP: 
West Texas Intermediate traded near the highest price in a week as crude stockpiles fell at the main U.S. oil storage hub and gasoline demand reached a three-month high. Brent in London was steady.

PRECIOUS METAL WRAP: 
Gold fell to near $1,300 an ounce on Wednesday as encouraging U.S. manufacturing data reduced bullion's appeal to institutional investors as a hedge against economic uncertainty, sending prices to their lowest in more than five weeks.

GLOBAL EVENTS TO WATCH: 
Trade Balance, Retail Sales m/m, Unemployment Claims, FOMC Member Pianalto Speaks, Final GDP q/q, Final GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage.

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