Global Commodity Technical Analysis Report

Commodities Show Mixed Performance Last Week as Cotton Above 50-Day SMA

May 11, 2026

| Read Time :10 Mins

CTN6
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodity markets ended the week on a mixed note as the U.S. and Iran failed to reach a peace agreement over the West Asia conflict, keeping geopolitical uncertainty elevated. A relatively firm U.S. dollar continued to influence commodity price trends. Gold climbed 1.85%, while silver surged 5.85% amid heightened safe-haven demand. Among base metals, copper rose 4.48%, lead gained 1.31%, and zinc advanced 2.47%, reflecting mixed industrial sentiment. Investors remained cautious ahead of upcoming U.S. CPI and PPI data for clearer macroeconomic direction.

Natural gas declined 2.21% during the week as comfortable inventory levels and moderate demand expectations continued to pressure prices following recent volatility. Crude oil also slipped 4.92%, with traders assessing the impact of ongoing U.S.-Iran tensions and uncertainty surrounding diplomatic talks, despite concerns over potential supply disruptions through key shipping routes. In the agricultural segment, U.S. sugar eased 1.74% amid balanced supply-demand conditions. Overall market sentiment remained cautious as investors monitored geopolitical developments, energy supply risks, and broader global demand trends.

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