0R15 9329.0 -0.4482% 0R1E 9035.0 1.4826% 0M69 None None% 0R2V 244.0 0.0% 0QYR 1579.0 -1.4357% 0QYP 417.0 0.0% 0RUK None None% 0RYA 1526.0 -2.1795% 0RIH 194.6 0.0% 0RIH 194.6 0.0% 0R1O 221.5 9900.0% 0R1O None None% 0QFP 10649.4902 111.2994% 0M2Z 294.15 2.6254% 0VSO 31.68 -11.0237% 0R1I None None% 0QZI 609.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 227.68 -0.7798%

Global Commodity Technical Analysis Report

Mixed Performance in Commodity Market Last Week, One Commodity Expected to Hold Support Level – Natural Gas

Jan 06, 2025

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

Global Commodity Market Wrap-Up

The metals market displayed mixed performance last week, with precious and base metals trading within a narrow range. Gold managed to hold support, rising 0.87%, while silver saw a modest increase of 0.32%. However, base metals faced pressure, with copper falling 1.29%, lead dropping 2.60%, and zinc experiencing a significant decline of 4.94%. This shift contrasts with the previous week's stability, as changing investor sentiment and fluctuating demand trends across metal sectors influenced market direction. The evolving dynamics suggest that shifting forces will continue to impact the metals market in the near term.

Last week, natural gas prices fell by 0.61%, impacted by supply constraints and growing seasonal demand. In contrast, crude oil prices surged 4.76%, buoyed by market uncertainty and changing investor sentiment. In the agricultural sector, U.S. sugar prices diverged from the trend, dropping 0.72%, while other agricultural commodities remained resilient. These shifts in energy and agriculture reflect the influence of varying supply and demand factors, as investors adjust their strategies in response to global economic uncertainty, leading to a cautious yet evolving market environment.

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