RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Natural Gas

Sep 23, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market showcased a clear positive trend. Gold displayed resilience with a modest gain of 1.38%, while silver experienced a notable rise of 1.41%. Base metals also performed strongly, with copper increasing by 3.37% and lead surging by 4.34%, though zinc saw a slight decline of -1.05%. Overall, this marked contrast to the prior week’s stability highlights a shift toward more bullish market sentiment.

Last week, natural gas prices rebounded and gained strong momentum, surging by 5.02%, likely due to supply changes or seasonal factors. Crude oil prices also increased by 4.80%, reflecting growing market confidence. In contrast, U.S. sugar prices in the agricultural sector rose significantly by 17.16%, contributing to a positive trend in agricultural commodities amid the varied performance across different sectors.

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