RY 168.02 -0.2138% TD 84.54 0.583% SHOP 98.44 1.6522% CNR 161.44 -0.4686% ENB 55.37 0.7093% CP 117.35 -0.4074% BMO 116.29 0.5969% TRI 234.8 -0.5% CNQ 43.4 -2.0316% BN 67.06 0.8573% ATD 75.0 -1.1467% CSU 4286.48 0.3286% BNS 70.72 0.6834% CM 83.49 0.9675% SU 49.53 0.4462% TRP 63.27 1.1187% NGT 73.0 1.5299% WCN 252.39 -0.095% MFC 38.15 0.58% BCE 48.11 0.4594%

Global Commodity Technical Analysis Report

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

Aug 20, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market showed a clear positive trend. Gold exhibited resilience with a modest gain of 2.61%, while silver saw a notable increase of 4.57%. Base metals experienced mixed results: copper rose by 2.75%, zinc gained 0.49%, and lead declined slightly by -0.12%. This varied performance contrasts with the previous week's stability, reflecting a shift towards a more bullish sentiment in the metals market.

Last week, Natural Gas prices held steady, with a slight decline of -0.93%. This suggests a shift in market sentiment, likely influenced by changes in supply dynamics or seasonal demand. Crude Oil prices also fell modestly by -0.09%, reflecting a rise in market confidence. In the agricultural sector, US Sugar prices decreased by -1.25%, contributing to the varied performance seen across commodities.

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