Global Commodity Technical Analysis Report

Natural Gas Above Key Support as Commodities Show Mixed Trend Last Week

Mar 02, 2026

| Read Time :10 Mins

NGK26
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodities closed the week with a firm undertone as markets responded to U.S. NFP data and rising geopolitical tensions in the Middle East. Gold advanced 3.27%, and silver surged 12.43%, supported by safe-haven positioning amid regional uncertainty. Among base metals, copper gained 2.99%, while lead declined 0.32% and zinc slipped 1.86%, reflecting selective participation. Although economic data offered some stability, escalating Middle East developments kept sentiment cautious, leaving commodities sensitive to further macro signals and geopolitical shifts.

Energy markets displayed mixed movement last week. Natural gas declined 4.09%, pressured by robust production and softer near-term demand expectations. In contrast, crude oil advanced 0.98%, supported by relatively tighter supply cues, although ongoing Iran–U.S. discussions limited geopolitical risk premiums. Within agriculture, U.S. sugar edged up 0.14%, aided by supply-side dynamics and steady export interest. Overall, commodities reflected selective positioning, with price action remaining sensitive to macroeconomic data, geopolitical developments, and evolving global supply trends.

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