RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%

Global Commodity Technical Analysis Report

Decline in Commodities Market Rally, One Commodity Expected to Hold Support Level– Aluminium

Sep 04, 2024

Aluminum
Investment Type
Commodity
Risk Level
Action
Rec. Price (US$)

 Global Commodity Market Wrap-Up

Last week, the metals market faced a notable bearish trend. Gold demonstrated some resilience, with a slight decline of -0.69%, while silver saw a more substantial drop of -3.65%. Base metals also experienced declines, with copper and zinc falling by -0.73% and -0.74%, respectively. Lead, however, was hit harder, registering a significant drop of -3.29%. This varied performance marks a stark contrast to the previous week's stability, indicating a shift towards more bearish sentiment in the market.

Last week, Natural Gas prices stayed mostly stable with a slight decline of -2.66%, likely due to supply changes or seasonal factors. Crude Oil prices also fell by -1.86%, reflecting growing market confidence. In contrast, US Sugar prices in the agricultural sector rose by 5.38%, contributing to a positive trend in agricultural commodities amid the varied performance across different sectors.

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