0R15 7785.0 -1.5056% 0R1E 7720.0 0.0% 0M69 None None% 0R2V 171.25 -1.7217% 0QYR 1361.5 -1.0897% 0QYP 394.5 -0.5044% 0LCV 137.1211 0.3815% 0RUK None None% 0RYA 1752.0 0.0% 0RIH 164.95 -1.4047% 0RIH 165.6 0.3941% 0R1O 178.0 9747.8562% 0R1O None None% 0QFP None None% 0M2Z 298.95 0.302% 0VSO None None% 0R1I None None% 0QZI 436.0 0.6928% 0QZ0 220.0 0.0% 0NZF None None%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery, One Commodity Expected to Reverse from its Resistance Level – Crude Oil

Feb 28, 2024

Global Commodity Market Wrap-Up

Last week, base metal commodities prices witnessed a recovery from lower levels and ended in the green. Gold prices trading in positive range with mixed momentum and settled with a weekly gain of ~1.24%. Moreover, Silver lost ~2.10% and other base metals stayed on the positive side. Base metals ended in a positive gain last week, Copper and Zinc prices witnessed a weekly gain of ~1.17% and ~0.92% and Lead closed in positive of ~2.30%.

On the Energy front, Natural Gas prices recovered from lower levels and settled at a weekly gain of ~1.13%. Moreover, Crude Oil prices facing resistance at higher level and settled with a weekly loss of ~2.51%. Meanwhile, agricultural commodities prices also closed on a negative note and US Sugar also given a negative close of 1.99%.

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