Monday 21 April 2014

COMMODITY MARKET TRENDS 22 April 2014

BASE METAL WRAP: 
Nickel advanced for a third day to a 14-month high on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.

ENERGY WRAP: 
Brent crude traded near a seven-week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.

PRECIOUS METAL WRAP: 
 Gold fell for a sixth day toward the lowest level in more than two weeks on signs of an improving U.S. economy as assets in the largest exchange-traded product sank to a 12-week low.

GLOBAL EVENTS TO WATCH:
 
HPI m/m, Existing Home Sales, Richmond Manufacturing Index.


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