AAPL 250.9362 1.1636% MSFT 439.85 0.5624% NVDA 132.26 2.5987% GOOGL 190.36 1.0403% GOOG 191.585 0.7547% AMZN 224.7026 1.8967% META 605.1 1.3245% AVGO 221.57 -0.9167% TSLA 434.8 -1.211% TSM 195.3 -0.133% LLY 758.87 -0.7637% V 315.9 1.9756% JPM 234.325 1.7168% UNH 493.79 -1.1867% NVO 103.7 -2.1329% WMT 93.89 0.3634% LVMUY 130.52 0.7721% XOM 105.67 -0.7048% LVMHF 649.5 0.6649% MA 526.755 1.3068%

Global Commodity Technical Analysis Report

Mixed Performance in Commodity Market Last Week, One Commodity Expected to Hold Resistance Level – US Coffee

Dec 16, 2024

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

 Global Commodity Market Wrap-Up

Last week, the metals market showed mixed results, with both precious and base metals fluctuating within a narrow range. Gold gained 0.61%, while silver declined by 1.77%. Base metals displayed stability, with copper down 0.88%, lead dropping 3.34%, and zinc edging up by 0.76%. This shift contrasts with the previous week’s more stable performance, as changing investor sentiment and varying demand across different metal sectors influenced the market. The evolving outlook reflects the shifting dynamics that are likely to shape the metals market in the short term.

Last week, natural gas prices surged by 6.07%, propelled by supply shortages and increased seasonal demand. Crude oil prices also rose by 5.73%, though the gains were tempered by lingering market volatility and shifting investor sentiment. In the agricultural markets, U.S. sugar prices diverged from the upward trend, dropping by 5.00%, while other agricultural commodities remained stable. These fluctuations in energy and agricultural sectors highlight the influence of diverse supply-demand factors, as investors continue to navigate a volatile global economic environment, fostering a cautious market outlook with evolving conditions.

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