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

Recovery in Base Metal Commodities, one commodity is expected to bounce back from its support level – Corn.

Feb 21, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed recovery in base metals prices and profit booking in energy. Gold prices weakened, losing momentum and settled with a weekly loss of ~0.72%. Moreover, Silver gained ~3.90% and other base metals rallied from lower levels. Base metals ended in a positive gain last week, Lead and Zinc prices witnessed a weekly gain of ~1.30% and ~3.02% and Copper also closed in positive ~4.12%.

On the Energy front, Natural Gas prices continued their downtrend due to poor demand and settled at a weekly loss of ~12.89%. Moreover, Crude Oil prices settled with a weekly gain of ~2.20%. Meanwhile, agricultural commodities prices also closed on a negative note, due to higher inventory data from the US.

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