RY 178.99 1.5488% SHOP 160.81 0.7392% TD 75.42 -5.3226% ENB 61.85 0.7657% BN 84.99 -0.4568% TRI 237.89 0.3332% CNQ 46.76 0.3864% CP 107.17 -0.177% CNR 153.67 -0.376% BMO 137.97 2.8476% BNS 77.79 -0.0129% CSU 4695.5 -0.8445% CM 93.5 4.3876% MFC 46.04 1.3874% ATD 82.52 -0.2297% NGT 56.55 -2.8517% TRP 68.97 0.0871% SU 55.12 1.8477% WCN 267.67 -0.4352% L 193.3 3.463%

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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