0R15 8884.0068 1.4156% 0R1E 9171.0 0.0% 0M69 None None% 0R2V 255.5 0.0% 0QYR 1619.0 0.0% 0QYP 434.5 0.0% 0RUK None None% 0RYA 1606.0 4.9673% 0RIH 195.2 1.3763% 0RIH 195.2 0.0% 0R1O 225.5 9900.0% 0R1O None None% 0QFP None None% 0M2Z 255.0 0.2457% 0VSO 33.3 -6.4738% 0R1I None None% 0QZI 604.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 238.0 -0.7009%

Global Commodity Technical Analysis Report

Mixed Performance in Commodity Market Last Week, One Commodity Expected to Hold Support Level – US Coffee

Nov 11, 2024

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

 Global Commodity Market Wrap-Up

Last week, the metals market experienced mixed performance, with precious and base metals both facing declines. Gold lost momentum after reaching its peak, falling 1.98%, while silver saw a sharper decline of 3.77%. Base metals also struggled, with copper down 1.58%, lead dropping 1.62%, and zinc falling 3.55%. This shift from the previous week’s stability indicates a move toward a more neutral market sentiment, reflecting evolving investor attitudes and differing demands across various metal categories.

Last week, natural gas prices saw a slight increase of 0.23%, driven by supply factors and seasonal demand patterns. Crude oil prices gained 1.28%, bolstered by ongoing market uncertainty and shifting investor sentiment. In contrast, the agricultural sector faced mixed outcomes, with U.S. sugar prices surging 3.67%, defying broader bearish trends in other agricultural commodities. This divergence across the energy and agricultural markets reflects varying supply and demand pressures, with investors adjusting to changing global conditions and economic uncertainty, signaling a cautious but dynamic market environment.

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