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

Mixed Performance in Commodity Market Last Week, One Commodity Expected to Hold Resistance Level – Zinc

Oct 28, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market showed mixed results. Gold proved resilient, rising by 0.90%, while silver surged by 1.64%. Conversely, base metals faced declines, with copper down 0.41%, lead falling 1.30%, and zinc increasing slightly by 0.65%. This shift from the previous week’s stability suggests a transition toward a more neutral market sentiment, reflecting changing investor attitudes and varying demand across different metal categories.

Last week, natural gas prices surged by 11.83%, driven by supply dynamics and seasonal trends. Crude oil prices also recovered, climbing 4.50% amid ongoing weak market confidence. In the agricultural sector, however, U.S. sugar prices fell by 0.27%, underscoring a broader bearish trend among agricultural commodities. This mixed performance reflects diverse conditions across the energy and agricultural markets, indicating shifting investor sentiments.

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