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 Support Level – US Coffee

Nov 10, 2024

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

 Global Commodity Market Wrap-Up

Last week, the metals market experienced mixed performance, with precious and base metals both facing declines. Gold lost momentum after reaching its peak, falling 1.98%, while silver saw a sharper decline of 3.77%. Base metals also struggled, with copper down 1.58%, lead dropping 1.62%, and zinc falling 3.55%. This shift from the previous week’s stability indicates a move toward a more neutral market sentiment, reflecting evolving investor attitudes and differing demands across various metal categories.

Last week, natural gas prices saw a slight increase of 0.23%, driven by supply factors and seasonal demand patterns. Crude oil prices gained 1.28%, bolstered by ongoing market uncertainty and shifting investor sentiment. In contrast, the agricultural sector faced mixed outcomes, with U.S. sugar prices surging 3.67%, defying broader bearish trends in other agricultural commodities. This divergence across the energy and agricultural markets reflects varying supply and demand pressures, with investors adjusting to changing global conditions and economic uncertainty, signaling a cautious but dynamic market environment.

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