MSFT 430.59 0.8407% AAPL 222.5 -0.1212% NVDA 119.1 -0.0336% GOOGL 157.46 1.7907% GOOG 158.37 1.8195% AMZN 186.49 -0.2727% META 524.62 -0.1865% AVGO 167.69 1.902% TSLA 230.29 0.2089% TSM 172.5 0.6242% LLY 923.71 -1.2096% V 287.35 0.6938% JPM 204.32 -1.1036% UNH 594.32 1.0027% NVO 137.0 0.2488% WMT 80.6 1.18% LVMUY 134.665 -0.226% XOM 111.15 -0.0719% LVMHF 675.14 0.1691% MA 493.36 0.254%

Global Commodity Technical Analysis Report

Commodities Market Witnessed Recovery Rally, One Commodity Expected to Hold Support Level – Crude Oil

Aug 13, 2024

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

Global Commodity Market Wrap-Up

Last week, the metals market exhibited a pronounced mixed trend. Gold demonstrated resilience with a modest gain of 0.45%, whereas silver declined by -2.83%. Base metals saw varied movements: copper fell by -2.21%, zinc rose by 3.43%, and lead increased by 0.65%. This diverse performance marks a sharp contrast to the stability of the previous week, indicating a shift towards more bullish sentiment.

Last week, Natural Gas prices rebounded sharply, achieving a robust gain of 8.95%. This recovery indicates a change in market sentiment, likely due to shifts in supply dynamics or seasonal demand factors. In contrast, Crude Oil prices also saw a significant rise of 4.16%, reflecting improved market confidence. Additionally, US Sugar experienced an increase of 2.10%, which contributed to the varied performance in agricultural commodities.

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