Global Commodity Technical Analysis Report

Commodities Under Pressure Last Week While Sugar Continues to Hold Above 21-Day SMA

Jun 29, 2026

| Read Time :10 Mins

SBV6
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodity markets traded negatively as easing geopolitical tensions following the Iran-Israel ceasefire reduced safe-haven demand. Gold declined 3.52%, silver fell 10.67%, copper slipped 1.75%, while lead and zinc dropped 2.81% and 2.31%, respectively. Market attention has now shifted to upcoming U.S. Nonfarm Payrolls (NFP) and CB Consumer Confidence data, which are expected to offer fresh clues on labor market strength and consumer spending, potentially influencing Federal Reserve policy expectations and the near-term outlook for commodity markets.

Natural gas declined 0.25% during the week as changing weather forecasts and demand expectations weighed on prices. Crude oil fell 8.23%, reflecting easing concerns over immediate supply disruptions following diplomatic progress in the Middle East, although market participants continued to monitor regional developments for any potential impact on global energy flows. Meanwhile, U.S. sugar advanced 2.69%, supported by balanced supply-demand fundamentals and steady consumption trends. Overall, commodity markets reflected a cautious tone as traders assessed evolving energy market dynamics, weather conditions, and global supply-demand fundamentals across key commodity segments.

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