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

Winter started and its recovery time for commodities, one commodity is expected to bounce back from its support level – Corn Global Commodity Market Wrap-Up

Jan 09, 2024

Last week, commodities prices witnessed a mixed reaction with profit booking in metals and a rally in energy. Gold prices price eased from its peak levels, losing momentum and settled with a weekly loss of ~0.97%. Moreover, Silver losses ~3.06% and other base metals also seen profit booking. Base metals ended in a negative gain last week, Lead and Zinc prices witnessed a weekly loss of ~3.59% and ~0.50% and Copper ~1.12%. 

On the Energy front, Natural Gas prices continues its rally and settled at a weekly gain of 15.08%. Moreover, Crude Oil prices settled with a weekly gain of 3.01%. Meanwhile, agricultural commodities prices also closed on a negative note, but Sugar managed to give a positive close of 2.58%. 

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As the holidays are over and volume is expected to increase in the current week. Most commodities are trading with a negative tone. The precious metals prices are trading in a negative direction. On the energy front we have seen a good recovery from lower levels, Corn is near to its support level and expected to give a reversal from its bearish momentum. However, Crude Oil prices are trading in range bound zone with positive momentum. The agricultural commodities basket is trading in a negative tone also.  

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