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Global Commodity Technical Analysis Report

Bullish momentum in the Commodity Market Last Week, One Commodity Below Resistance Level – US Coffee

Feb 10, 2025

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

 Global Commodity Market Wrap-Up

The metals market had a strong performance last week, with precious metals maintaining their upward momentum while base metals saw mixed results. Gold surged by 1.85%, reaching a new high, and silver climbed by 0.55%. Base metals also showed bullish trends, with copper rising by 3.88%, lead increasing by 2.11%, and zinc jumping by 3.45%. These movements reflect shifts in investor sentiment and varying demand across metal sectors. After a period of stability, the market entered a more volatile phase, with changing dynamics expected to impact prices shortly. The overall market outlook remains uncertain, influenced by evolving trends..

Last week, natural gas prices surged by 7.98%, driven by supply constraints and increased seasonal demand. Crude oil prices, on the other hand, dropped by 1.72%, as market uncertainty and changing investor sentiment weighed on prices. Meanwhile, U.S. sugar prices remained almost unchanged, rising by just 0.05%, in contrast to other agricultural commodities, which experienced declines. These movements reflect the ongoing effects of supply-demand dynamics, with investors adjusting their strategies amid global economic uncertainty. Both the energy and agricultural sectors are navigating a period of heightened volatility, influenced by supply disruptions and shifting demand patterns, which are expected to continue shaping price trends.

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