Tuesday 20 May 2014

COMMODITY MARKET TREND-21 May 2014


BASE METAL WRAP:  
Copper futures ended lower, as investors took profits after a rally that has seen prices rebound to the highest level in two months.


ENERGY WRAP
West Texas Intermediate rose for the third time in four days after industry data showed crude inventories slid in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: 
Investors are shunning gold again, sending holdings in the world’s largest exchange-traded product backed by bullion to the lowest since December 2008.

GLOBAL EVENTS TO WATCH
Monetary Policy Statement, BOJ Press Conference, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Retail Sales m/m, FOMC Member Dudley Speaks, Crude Oil Inventories, Fed Chair Yellen Speaks, FOMC Member Kocherlakota Speaks, FOMC Meeting Minutes.

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