Global Commodity Technical Analysis Report

Commodities Trade Mixed Last Week as Cocoa Remains Below Falling Trendline

May 18, 2026

| Read Time :10 Mins

CCN6
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodity markets traded mixed as geopolitical tensions escalated after reports that a nuclear power facility in the United Arab Emirates came under attack, while U.S. President Donald Trump is expected to discuss potential military options on Iran with top national security advisers. Gold declined 3.58%, silver dropped 4.10%, and copper slipped 0.18%. Meanwhile, lead edged up 0.01% and zinc advanced 2.94%, reflecting selective strength across industrial metals. Investors now await this week’s Federal Reserve meeting outcome and U.S. building permit data for clearer direction on economic activity and the broader interest rate outlook.

Natural gas gained 3.89% during the week as traders monitored inventory levels and shifted demand expectations amid recent market volatility. Crude oil surged 10.06% as escalating U.S.-Iran tensions and reports of possible military discussions by the United States raised concerns over supply disruptions through key Middle East shipping routes. In the agricultural segment, U.S. sugar advanced 0.75% amid balanced supply-demand conditions. Overall market sentiment remained cautious as investors tracked geopolitical developments, energy security risks, and broader global demand trends across commodity markets.

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