Global Commodity Technical Analysis Report

Commodities Show Mixed Performance Last Week as U.S. Cocoa Finds a Base

Feb 09, 2026

| Read Time :10 Mins

CCK6
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodities ended the week on a mixed but steadier note, with precious metals showing relative resilience while base metals eased modestly. Gold 4.94% gained on defensive positioning amid ongoing macro uncertainty. In contrast, silver 2.08%, copper 1.28%, lead 2.62%, and zinc 1.62% declined, reflecting softer near-term industrial demand cues. Overall sentiment remained cautiously balanced, with markets turning increasingly data-dependent ahead of upcoming U.S. non-farm payrolls and key macroeconomic releases.

Natural gas moved lower, falling 18.99%, as supply concerns outweighed near-term demand support and prompted profit-taking after recent volatility. Crude oil declined 1.82%, with prices pressured by steady global supply, even as Iran–U.S. talks remain in progress, limiting geopolitical risk premium. In agricultural markets, U.S. sugar slipped 0.94%, reflecting subdued demand cues. Overall, commodity performance stayed mixed and cautious, with energy markets under pressure and sentiment remaining data-driven amid evolving macro signals and policy developments.

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