Way2Wealth Brokers- "Commodity Appetizer - September'11"

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After a marginal upswing in Jul’11, major Global Commodities traded weaker (Avg. Prices moved southward MoM) during Aug’11 as sentiments weighed down by concerns over Current/Future Economic Activity (demand sensitivism).

Concerns over Debt surrounding US & EMU, largely weaker USD let the short term investor buoyancy push PM’s (Gold) higher during Aug’11. However, Short Term Drivers indicate lack of significant/committed additions and made the environment volatile during the last week of Aug’11. On the other end, Silver remained in the broad range amid various short term technical break out failure’s.  

Industrial Metals at LME traded weaker with exception to Steel & Aluminum that showed resilience in the wake of firm/higher input costs. Agro Commodities continued to show mixed performance (Grains higher, Edible Oils a tad weaker & Sugar lower on Profit taking) for the month of Aug’11.

Looking forward, as Investor Sentiments remains unsupportive amid weaker USD and inflation concerns Precious Metals likely to exhibit enhanced volatility.

On the other end, Industrial Metals & Energy remain under pressure as sentiments shall weigh over via Economic Growth &Consumption weakness.

Elsewhere, Agro Commodities are expected to firm up (despite supply inflows) as S/C consumption, weather and consumption remain supportive.