AAPL 183.36 5.9701% MSFT 406.8 2.2522% GOOG 169.01 0.3265% GOOGL 167.21 0.3541% AMZN 186.235 0.8202% NVDA 887.83 3.4562% META 452.05 2.3479% TSLA 181.14 0.6277% TSM 141.56 3.9125% LLY 734.97 -2.7702% V 268.47 0.3214% AVGO 1278.11 3.1924% JPM 190.51 -0.6% UNH 492.45 -0.1055% NVO 123.05 -0.7821% WMT 59.82 0.1842% LVMUY 168.5 2.1584% XOM 116.02 -0.1893% LVMHF 841.0 1.8789% MA 443.58 0.5622%

Global Commodity Technical Analysis Report

The commodities Market witnessed Profit Booking, One Commodity Expected to Reverse from its Support Level– CME: LXRK24

Apr 24, 2024

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

Global Commodity Market Wrap-Up

Last week, metal commodities sustained their rally, closing with positive gains. Gold prices traded bullishly, settling with a weekly gain of approximately ~2.32%. Additionally, Silver also experienced a rally, closing positively with a gain of ~2.46%. Other base metals similarly saw a surge, with copper and zinc prices witnessing weekly gains of ~6.29% and ~1.21%, respectively. Lead also closed positively, with a gain of ~2.99%. Overall, base metals ended the week in the green.

On the energy front, Natural Gas prices remained within a range-bound zone due to sluggish demand, resulting in a weekly loss of approximately ~0.38%. Crude oil prices also experienced a recovery from lower levels but ultimately settled with a weekly loss of ~2.74%. Meanwhile, agricultural commodity prices traded negatively overall, with several commodities closing in the negative zone. US Sugar faced resistance and closed with a loss of ~2.90%.

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