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 – US Cotton

Sep 16, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market demonstrated strong gains. Gold increased by 3.41%, showing notable resilience, while silver surged by 10.24%. Base metals also performed well, with copper rising 3.73%, zinc climbing 7.11%, and lead advancing 4.27%. This marked contrast to the prior week’s stability underscores a shift toward more bullish market sentiment.

Last week, natural gas prices dropped by 0.31%, reflecting a shift in market sentiment that may be due to changes in supply dynamics or seasonal demand. Conversely, crude oil prices rose by 1.15%, suggesting robust market confidence. In the agricultural sector, U.S. sugar prices increased by 0.73%, adding to the mixed performance observed across various commodities.

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