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0R15 9013.7197 0.0% 0R1E 8010.0 -1.1718% 0M69 18900.0 50.1191% 0R2V 235.29 0.3369% 0QYR 1254.0 -1.2987% 0QYP 431.0 0.0% 0RUK 2632.0 -9.9247% 0RYA 1478.0 3.5014% 0RIH 164.55 0.0% 0RIH 165.11 0.3403% 0R1O 190.0 9900.0% 0R1O None None% 0QFP None None% 0M2Z 269.25 0.579% 0VSO 33.89 -4.8167% 0R1I None None% 0QZI 577.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 179.81 0.2062%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Natural Gas

Sep 23, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market showcased a clear positive trend. Gold displayed resilience with a modest gain of 1.38%, while silver experienced a notable rise of 1.41%. Base metals also performed strongly, with copper increasing by 3.37% and lead surging by 4.34%, though zinc saw a slight decline of -1.05%. Overall, this marked contrast to the prior week’s stability highlights a shift toward more bullish market sentiment.

Last week, natural gas prices rebounded and gained strong momentum, surging by 5.02%, likely due to supply changes or seasonal factors. Crude oil prices also increased by 4.80%, reflecting growing market confidence. In contrast, U.S. sugar prices in the agricultural sector rose significantly by 17.16%, contributing to a positive trend in agricultural commodities amid the varied performance across different sectors.

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