RY 159.02 -1.1746% SHOP 112.92 -2.6803% TD 84.2 0.262% ENB 62.72 -0.1592% BN 66.54 -3.2989% TRI 250.62 -0.5002% CNQ 39.63 -0.6269% CP 101.09 -2.0066% CNR 135.68 -1.1871% BMO 127.93 -1.0749% BNS 65.41 -0.4262% CSU 4599.48 -1.7738% CM 80.62 -1.201% MFC 39.24 -1.034% ATD 71.7 0.561% NGT 76.4 0.2362% TRP 67.76 -1.0225% SU 47.76 -0.0837% WCN 271.98 -0.5048% L 214.0 0.1498%
RY 159.02 -1.1746% SHOP 112.92 -2.6803% TD 84.2 0.262% ENB 62.72 -0.1592% BN 66.54 -3.2989% TRI 250.62 -0.5002% CNQ 39.63 -0.6269% CP 101.09 -2.0066% CNR 135.68 -1.1871% BMO 127.93 -1.0749% BNS 65.41 -0.4262% CSU 4599.48 -1.7738% CM 80.62 -1.201% MFC 39.24 -1.034% ATD 71.7 0.561% NGT 76.4 0.2362% TRP 67.76 -1.0225% SU 47.76 -0.0837% WCN 271.98 -0.5048% L 214.0 0.1498%

Global Commodity Technical Analysis Report

Bearish Momentum in Commodities Market Last Week, One Commodity Above Support Level – Aluminium

Apr 07, 2025

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

Global Commodity Market Wrap-Up

Last week, the metals market faced strong bearish momentum ahead of key macroeconomic updates, with both precious and base metals under pressure. Gold declined by 2.51% as demand for safe-haven assets weakened, while silver plunged 16.04%, reflecting heightened investor uncertainty. Base metals mirrored this trend—copper dropped 10.56%, lead fell 6.37%, and zinc slid 6.89%—as global economic concerns weighed on sentiment. The widespread losses across the sector underscore growing market caution, with geopolitical tensions and monetary policy uncertainty expected to drive further volatility in the near term.

Last week, natural gas prices declined by 5.61% amid supply constraints and easing seasonal demand. Crude oil posted a sharp drop of 10.63%, pressured by market uncertainty and shifting investor sentiment. In the agricultural space, U.S. sugar prices slipped 0.63%, aligning with a broader downtrend across soft commodities. These movements highlight the ongoing supply-demand imbalances and increased volatility across energy and agricultural markets. With global economic instability, supply disruptions, and changing consumption patterns, investors remain cautious, and similar fluctuations are likely to continue in the near term.

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