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

Profit booking across all commodities, one commodity is expected to bounce back from its support level – Wheat.

Feb 14, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed a sharp correction in all segment due to poor global demand. Profit booking in metals and a rally in energy. Gold prices traded in the negative zone and settled with a weekly loss of ~0.63% and Silver lost ~0.89% and other base metals also seen correction in price. Base metals ended in a negative last week, Zinc and Copper prices witnessed a weekly loss of ~6.51% and ~3.78% and Lead close in loss of ~5.24%.

On the Energy front, Natural Gas prices continued price correction due to warmer winter data in US and settled at a weekly loss of ~11.16%. Moreover, Crude Oil gained momentum and prices settled in green with gains of ~6.31%. Meanwhile, agricultural commodities prices also closed in a negative note, but Sugar managed to give a positive close of ~0.54%.

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