Global Commodity Technical Analysis Report

Commodities Trade Mixed Last Week as Wheat Remains Below 50 SMA

Jun 08, 2026

| Read Time :10 Mins

WN26
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodity markets traded on a mixed note as investors balanced geopolitical developments in the Middle East with expectations surrounding key U.S. inflation data. Gold fell 4.97%, while silver declined 8.93% and copper eased 0.87%. Among base metals, lead slipped 1.07% and zinc edged 0.48% lower. Market focus has shifted from the recent U.S. Nonfarm Payrolls report toward upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) releases, which could provide fresh direction for inflation expectations and the Federal Reserve's interest-rate outlook.

Natural gas fell 0.97% during the week amid evolving demand expectations and ample supply conditions. Crude oil surged 3.64% as investors monitored escalating tensions in the Middle East, with continued exchanges between Israel and Iran raising concerns over potential disruptions to regional energy supplies and key shipping routes. In the agricultural segment, U.S. sugar gained 0.57%. Overall market sentiment remained cautious, with traders closely tracking geopolitical developments and assessing their potential impact on energy markets, global trade flows, and commodity price stability.

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