COMMODITY MARKET TREND-1 january



BASE METAL WRAP: Copper prices fell in London, capping a 7.2 percent annual decline, as inventories in 2013 climbed for the first time in four years.

ENERGY WRAP: Natural gas fell by the most in eight months, trimming the biggest annual increase since 2005, as forecasts for moderating cold signaled reduced demand for heating fuels after frigid weather this week.

PRECIOUS METAL WRAP: Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to the biggest annual drop in more than three decades.

GLOBAL EVENTS TO WATCH: Manufacturing PMI, Bank Holiday.

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