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

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

May 01, 2024

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

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed profit booking in all segment due to no major global events. Profit booking in metals sector and recovery in energy. Gold prices traded in the negative zone and settled with a weekly loss of ~2.76% and Silver lost ~5.50% and other base metals also seen correction in price. Base metals ended in a small negative last week, Zinc and Copper prices maintained a weekly gain of ~0.44% and ~0.81% and Lead closed in loss of ~0.60%.

On the Energy front, Natural Gas prices recovered from lower level but lost momentum and settled at a weekly loss of ~3.27%. Moreover, Crude Oil gained momentum and prices settled in green with gains of ~1.98%. Meanwhile, agricultural commodities traded positive, but Sugar closed in negative of ~2.10%.

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