RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%

Global Commodity Technical Analysis Report

Commodities witnessed Profit Booking, One Commodity Expected to bounce back from its Support Level – Natural Gas

Feb 07, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed profit booking in all segment. Gold price remains positive due to economic events with sideways to positive direction and settled with a weekly gain of ~0.93%. Moreover, Silver losses ~0.33% and other base metals seen profit booking. Base metals ended in a negative last week, Copper and Lead prices witnessed a weekly loss of ~0.87% and ~1.29% and Copper witnessed a sharp correction and closed in weekly loss of ~1.29%.

On the Energy front, Natural Gas extended Weekly loss and settled at a weekly loss of ~4.41%. Moreover, Crude Oil prices settled with a weekly loss of ~7.35%. Meanwhile, agricultural commodities prices also closed on a negative side, but US Sugar managed to give a positive close of ~0.50%.

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