0R15 8432.9941 0.3331% 0R1E 7697.9961 -2.8767% 0M69 None None% 0R2V 220.12 9997.2477% 0QYR 1224.0 -0.6897% 0QYP 408.94 -0.0147% 0RUK 2670.0 -8.6242% 0RYA 1370.0 9.6% 0RIH 162.15 0.0% 0RIH 156.61 -3.4166% 0R1O 173.7 9825.7143% 0R1O None None% 0QFP 10659.5596 111.4992% 0M2Z 282.6 2.979% 0VSO 27.48 -22.8198% 0R1I None None% 0QZI 512.5 -2.1947% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 153.89 -0.7737%

Global Commodity Technical Analysis Report

Commodities Market Rally Stop, One Commodity Expected Hold Resistance Level – Lumber

Jun 18, 2024

Lumber
Investment Type
Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Last week saw a varied performance in commodity markets, driven by divergent price movements across different sectors. Gold managed to hold steady with a modest gain of 1.04%, in contrast with silver which experienced a slightly up of 0.11%. Base metals followed suit with copper dropping by -0.34% and zinc showing a minor increase of 0.25%. However, lead bucked the trend with a significant decline of -2.55%.

Meanwhile, Natural Gas prices faced selling pressure, marking a notable loss of -1.10%. This shift contrasts sharply with the previous week, highlighting changing market sentiments and demand dynamics. In contrast, Crude Oil prices surged by 3.87%, reflecting renewed confidence in the market's outlook. Additionally, US Sugar witnessed a robust gain of 2.26%, reinforcing positive momentum in agricultural commodities.

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