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Global Commodity Technical Analysis Report

Commodities Show Mixed Performance Last Week as Sugar Defends 50-SMA

Jan 19, 2026

  • SBH6
  • Investment Type
    Commodity
  • Risk Level
  • Action
  • Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodities ended the week on a mixed note with a mild positive bias, supported mainly by selective strength in metals. Precious metals outperformed, with gold rising 2.10% and silver surging 11.59%, driven by safe-haven positioning amid elevated policy uncertainty. Base metals showed divergent performance, as copper slipped 1.44%, lead eased 0.44%, while zinc advanced 1.68%, reflecting uneven but generally steady industrial demand conditions. Overall sentiment remained cautious yet constructive, with market attention turning to upcoming U.S. GDP data for clearer near-term direction.

Natural gas rose 2.43%, showing a modest recovery amid stabilising demand conditions. Crude oil advanced 0.68%, supported by geopolitical developments surrounding Iran, though steady export flows from Venezuela limited upside. In agriculture, U.S. sugar gained 0.47%, indicating short-term stabilisation after recent softness. Overall, commodities traded on a mixed but slightly positive note, with selective strength across energy and agriculture. Near-term direction may remain data-dependent, influenced by upcoming macroeconomic releases and evolving policy developments.

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