RY 176.57 0.438% SHOP 158.97 0.9526% TD 79.31 0.1515% ENB 61.27 0.1471% BN 84.87 -1.1646% TRI 235.65 1.718% CNQ 46.46 -3.4898% CP 106.585 0.2021% CNR 153.9 0.1627% BMO 134.58 0.3654% BNS 77.82 0.9339% CSU 4727.8198 1.6729% CM 89.33 0.0336% MFC 45.32 0.421% ATD 82.32 -0.8551% NGT 58.47 -0.0513% TRP 68.21 -0.3943% SU 53.98 -1.5861% WCN 268.6 -0.3229% L 186.66 0.1771%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Crude Oil

Oct 07, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market exhibited a clear upward trend. Gold displayed resilience, experiencing a slight decline of just 0.01%, while silver recorded a significant increase of 1.82%. Base metals also performed robustly, with copper surging by 5.28% and lead soaring by 1.23%. Zinc also posted gains, rising by 2.36%. This marked contrast to the previous week’s stability highlights a shift toward a more bullish market sentiment.

Last week, natural gas prices remained stable a slight increase of 0.03%, likely driven by supply dynamics and seasonal factors. In contrast, crude oil prices saw a robust rise of 8.88%, indicating strong market confidence. Additionally, U.S. sugar prices in the agricultural sector rose by 1.63%, contributing to a mixed performance across agricultural commodities, as results varied among different sectors.

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