RY 139.14 0.5492% TD 75.13 0.4412% SHOP 105.68 3.7502% CNR 172.48 2.0773% ENB 50.14 0.8245% CP 111.43 2.145% BMO 127.18 1.9152% TRI 228.41 1.3714% CNQ 103.87 1.7336% BN 59.7 2.3838% ATD 75.25 0.3467% CSU 3750.01 3.0786% BNS 64.82 1.0759% CM 66.11 0.9159% SU 53.13 1.6648% TRP 51.39 -0.0972% NGT 56.61 1.7434% WCN 227.64 1.3355% MFC 33.42 1.7042% BCE 45.86 -0.2176%

Global Commodity Technical Analysis Report

Profit booking across all commodities, one commodity is expected to bounce back from its support level – Wheat.

Feb 14, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed a sharp correction in all segment due to poor global demand. Profit booking in metals and a rally in energy. Gold prices traded in the negative zone and settled with a weekly loss of ~0.63% and Silver lost ~0.89% and other base metals also seen correction in price. Base metals ended in a negative last week, Zinc and Copper prices witnessed a weekly loss of ~6.51% and ~3.78% and Lead close in loss of ~5.24%.

On the Energy front, Natural Gas prices continued price correction due to warmer winter data in US and settled at a weekly loss of ~11.16%. Moreover, Crude Oil gained momentum and prices settled in green with gains of ~6.31%. Meanwhile, agricultural commodities prices also closed in a negative note, but Sugar managed to give a positive close of ~0.54%.

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