0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Crude Oil

Oct 07, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market exhibited a clear upward trend. Gold displayed resilience, experiencing a slight decline of just 0.01%, while silver recorded a significant increase of 1.82%. Base metals also performed robustly, with copper surging by 5.28% and lead soaring by 1.23%. Zinc also posted gains, rising by 2.36%. This marked contrast to the previous week’s stability highlights a shift toward a more bullish market sentiment.

Last week, natural gas prices remained stable a slight increase of 0.03%, likely driven by supply dynamics and seasonal factors. In contrast, crude oil prices saw a robust rise of 8.88%, indicating strong market confidence. Additionally, U.S. sugar prices in the agricultural sector rose by 1.63%, contributing to a mixed performance across agricultural commodities, as results varied among different sectors.

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