RY 156.04 -0.032% TD 79.81 -0.4615% SHOP 99.81 0.9303% CNR 158.79 0.6401% ENB 53.84 0.4478% CP 111.87 0.8019% BMO 112.71 0.7419% TRI 225.62 0.396% CNQ 50.46 2.4777% BN 67.8 1.194% ATD 76.93 -1.0674% CSU 4321.5298 0.3257% BNS 67.27 1.3102% CM 78.76 1.5603% SU 54.66 -1.1037% TRP 62.42 1.2162% NGT 70.54 0.2558% WCN 251.32 0.3153% MFC 36.65 -0.0818% BCE 47.21 0.3187%

Global Commodity Technical Analysis Report

Commodities Market Rally Stop, One Commodity Expected Break Resistance Level – US Sugar

Jun 05, 2024

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

Global Commodity Market Wrap-Up

Last week's significant downtrend in metal commodity prices triggered substantial profit booking. While gold showed resilience with a loss of -0.47%, silver saw a nominal decrease of -0.19%. However, base metals experienced negative trends, with copper falling by -2.91% and zinc losing its positive momentum with a decline of -3.02%. Lead's -1.41% drop diverged from the overall bearish trend. This shift, contrasting with the previous week's high, reflects a blend of nervousness, optimism, and investor confidence in the metals market.

Last week, Natural Gas prices continued their upward trajectory, posting a notable gain of 5.67%. This recovery signifies a significant turnaround from the previous week's performance, reflecting improved market sentiment and demand dynamics. Conversely, Crude Oil prices experienced a marginal decrease of -0.65%, indicating some nervousness following the previous week's decline, despite subdued tensions in the global landscape. Additionally, US Sugar saw a modest loss of -0.60%, albeit contributing to the positive momentum in agricultural commodities.

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