RY 139.89 0.8943% TD 76.9 1.2242% SHOP 86.16 -18.5248% CNR 172.89 0.5818% ENB 51.15 1.1269% CP 112.14 0.5199% BMO 127.56 0.9816% TRI 229.43 0.1528% CNQ 105.96 1.0105% BN 60.44 0.683% ATD 75.02 0.4015% CSU 3820.47 1.7341% BNS 65.64 1.4685% CM 66.73 1.3364% SU 53.67 0.4304% TRP 52.0 1.069% NGT 57.07 0.3693% WCN 227.19 0.0528% MFC 33.6 0.9919% BCE 46.16 0.5445%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery, One Commodity Expected to Reverse from its Resistance Level – Crude Oil

Jan 30, 2024

Global Commodity Market Wrap-Up

Last week, most commodities prices witnessed a recovery from lower levels and ended in the green. Gold prices trading in range bound zone with losing momentum and settled with a weekly loss of ~0.59%. Moreover, Silver gained ~0.69% and other base metals stayed on the positive side. Base metals ended in a positive gain last week, Copper and Zinc prices witnessed a weekly gain of ~2.14% and ~4.58% and Lead closed in positive of ~2.78%.

On the Energy front, Natural Gas prices recovered from lower levels sharply but settled at a weekly loss of ~3.42%. Moreover, Crude Oil prices recovered and settled with a weekly gain of ~6.27%. Meanwhile, agricultural commodities prices also closed on a slightly mixed note, but US Sugar managed to give a positive close of 0.85%.

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