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Global Commodity Technical Analysis Report

Commodities Market Rally Stop, One Commodity Expected Hold Resistance Level – Zinc

Jun 25, 2024

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

Global Commodity Market Wrap-Up

Last week saw a varied performance in commodity markets, driven by divergent price movements across different sectors. Gold managed to hold steady with a modest loss of 0.76%, while silver edged up by 0.48%. Base metals followed suit with copper dropping by -0.74% contrasting with zinc's robust 2.41% increase and lead's notable 3.20% rise.

Meanwhile, Natural Gas prices faced selling pressure, marking a notable loss of -4.29%. This shift contrasts sharply with the previous week, highlighting changing market sentiments and demand dynamics. In contrast, Crude Oil prices surged by 3.44%, reflecting renewed confidence in the market's outlook. Additionally, US Sugar witnessed a Notable loss of 1.69%, reinforcing negative momentum in agricultural commodities.Top of Form

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