Global Commodity Technical Analysis Report

Bullish Momentum in Commodities Market Last Week, One Commodity above Support Level – Crude Oil

May 12, 2025

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

Global Commodity Market Wrap-Up

Last week, metal markets displayed strong bullish momentum across both precious and base metals. Gold climbed 3.10% and silver rose 2.06%, highlighting growing investor optimism. Base metals followed suit, with copper gaining 0.93%, lead surging 2.82%, and zinc advancing 1.92%, reflecting underlying global economic concerns. Despite the overall uptrend, the mixed performance suggests evolving market sentiment, as geopolitical tensions and uncertainty around monetary policy continue to influence the short-term outlook for metals.

Last week, natural gas prices jumped 4.14%, driven by supply constraints and rising seasonal demand. Crude oil also gained 4.76%, supported by market uncertainty and changing investor sentiment. Meanwhile, U.S. sugar prices advanced 3.37%, bucking the broader softness in agricultural commodities. These varied price movements highlight ongoing supply-demand imbalances and growing sensitivity to global economic instability. With volatility remaining high across both energy and agricultural sectors, these trends are likely to continue in the near term.

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