MSFT 425.025 -0.9035% AAPL 220.43 0.8648% NVDA 115.85 1.4004% GOOGL 172.44 -0.1101% GOOG 174.27 -0.0573% AMZN 182.99 1.1945% META 460.09 -0.2558% AVGO 152.64 0.859% TSLA 224.8499 4.102% TSM 161.61 1.1327% LLY 823.56 -4.2238% V 257.56 1.3338% JPM 209.535 0.453% UNH 562.83 0.5502% NVO 129.31 -1.7401% WMT 70.206 -0.5581% LVMUY 143.15 0.9022% XOM 116.85 1.5999% LVMHF 714.04 0.4982% MA 436.96 1.0429%

Global Commodity Technical Analysis Report

Recovery in Base Metal Commodities, one commodity is expected to bounce back from its support level – Corn.

Feb 21, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed recovery in base metals prices and profit booking in energy. Gold prices weakened, losing momentum and settled with a weekly loss of ~0.72%. Moreover, Silver gained ~3.90% and other base metals rallied from lower levels. Base metals ended in a positive gain last week, Lead and Zinc prices witnessed a weekly gain of ~1.30% and ~3.02% and Copper also closed in positive ~4.12%.

On the Energy front, Natural Gas prices continued their downtrend due to poor demand and settled at a weekly loss of ~12.89%. Moreover, Crude Oil prices settled with a weekly gain of ~2.20%. Meanwhile, agricultural commodities prices also closed on a negative note, due to higher inventory data from the US.

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