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

Profit booking across all commodities, one commodity is expected to bounce back from its support level – Wheat.

Feb 14, 2024

Global Commodity Market Wrap-Up

Last week, commodities prices witnessed a sharp correction in all segment due to poor global demand. Profit booking in metals and a rally in energy. Gold prices traded in the negative zone and settled with a weekly loss of ~0.63% and Silver lost ~0.89% and other base metals also seen correction in price. Base metals ended in a negative last week, Zinc and Copper prices witnessed a weekly loss of ~6.51% and ~3.78% and Lead close in loss of ~5.24%.

On the Energy front, Natural Gas prices continued price correction due to warmer winter data in US and settled at a weekly loss of ~11.16%. Moreover, Crude Oil gained momentum and prices settled in green with gains of ~6.31%. Meanwhile, agricultural commodities prices also closed in a negative note, but Sugar managed to give a positive close of ~0.54%.

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