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- COMMODITY MARKET STRATEGY 18 JULY 2014
Posted by : Simran Shah
Thursday, 17 July 2014
BASE METAL WRAP: Copper futures fell to a
two-week low, as jitters over a possible bond default in China's construction
sector weighed.
ENERGY WRAP: West Texas
Intermediate rose the most in a month after a Malaysian Airways jet was shot
down in Ukraine. Prices also climbed as U.S. crude supplies fell as refiners
boosted processing to the highest level since 2005.
PRECIOUS METAL WRAP: Gold retreated after
the biggest advance in a month as investors weighed the outlook for U.S.
monetary policy against increased geopolitical tensions around the world.
Palladium dropped from a 13-year high.
GLOBAL EVENTS TO WATCH: Core CPI m/m, Wholesale
Sales m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, CB
Leading Index m/m.
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