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

The commodities Market witnessed Profit Booking, One Commodity Expected to Reverse from its Support Level– CME: LXRK24

Apr 24, 2024

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

Global Commodity Market Wrap-Up

Last week, metal commodities sustained their rally, closing with positive gains. Gold prices traded bullishly, settling with a weekly gain of approximately ~2.32%. Additionally, Silver also experienced a rally, closing positively with a gain of ~2.46%. Other base metals similarly saw a surge, with copper and zinc prices witnessing weekly gains of ~6.29% and ~1.21%, respectively. Lead also closed positively, with a gain of ~2.99%. Overall, base metals ended the week in the green.

On the energy front, Natural Gas prices remained within a range-bound zone due to sluggish demand, resulting in a weekly loss of approximately ~0.38%. Crude oil prices also experienced a recovery from lower levels but ultimately settled with a weekly loss of ~2.74%. Meanwhile, agricultural commodity prices traded negatively overall, with several commodities closing in the negative zone. US Sugar faced resistance and closed with a loss of ~2.90%.

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