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

Decline in Commodities Market Rally, One Commodity Expected to Hold Support Level– Aluminium

Sep 04, 2024

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

 Global Commodity Market Wrap-Up

Last week, the metals market faced a notable bearish trend. Gold demonstrated some resilience, with a slight decline of -0.69%, while silver saw a more substantial drop of -3.65%. Base metals also experienced declines, with copper and zinc falling by -0.73% and -0.74%, respectively. Lead, however, was hit harder, registering a significant drop of -3.29%. This varied performance marks a stark contrast to the previous week's stability, indicating a shift towards more bearish sentiment in the market.

Last week, Natural Gas prices stayed mostly stable with a slight decline of -2.66%, likely due to supply changes or seasonal factors. Crude Oil prices also fell by -1.86%, reflecting growing market confidence. In contrast, US Sugar prices in the agricultural sector rose by 5.38%, contributing to a positive trend in agricultural commodities amid the varied performance across different sectors.

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