Global Commodities — European Session: Gold +0.11%, WTI +0.36%, Platinum -2.15%
MarketsFN Commodities Desk
Global commodity markets open the European session on Tuesday 29 September 2026 with the top movers across asset classes: Platinum (-2.15%), Cotton (-1.89%), Silver (-0.93%). Energies are mixed (avg +0.09%) as London trading begins and traders monitor OPEC+ compliance data and the mid-week EIA inventory outlook. Precious metals are under pressure (avg -0.82%) as COMEX overnight positioning crosses into the London fix window.
The London Metals Exchange sets the global benchmark for industrial pricing, while the COMEX open adds North American liquidity from 14:20 UTC. Agricultural futures (avg -0.67%) track overnight CBOT closes and any pre-market weather model revisions from the US Plains and South American growing regions. Key European macro risk today: ECB speaker schedule and any German data releases that could move EUR/USD and indirectly pressure USD-denominated commodity prices.
All commodities below include pivot levels (R1 R2 R3 / PP / S1 S2 S3) from the prior session's OHLC, 65-bar candlestick charts with SMA20, SMA50 and Bollinger Bands (20,2), and session-specific analysis for Tue 29 Sep 2026.
Today's Economic Calendar
| Time (UTC) | Event | CCY | Previous | Forecast | Actual |
|---|---|---|---|---|---|
| 01:30 | ● RBA Rate Statement | AUD | — | — | — |
| 04:30 | ● RBA Interest Rate Decision (Sep) | AUD | 4.35% | 4.60% | 4.60% |
| 07:00 | ● KOF Leading Indicators (Sep) | CHF | 107.5 | 106.0 | 109.1 |
| 07:00 | ● Spanish CPI (YoY) (Sep) | EUR | 4.3% | 4.6% | 4.9% |
| 07:00 | ● Spanish HICP (YoY) (Sep) | EUR | 4.6% | — | 5.0% |
| 09:30 | ● Italian 10-Year BTP Auction | EUR | 4.10% | — | — |
| 10:00 | ● German Buba Mauderer Speaks | EUR | — | — | — |
| 10:00 | ● German Buba President Nagel Speaks | EUR | — | — | — |
| 10:00 | ● France Jobseekers Total (Aug) | EUR | 3,143.0K | — | — |
| 11:00 | ● ECB President Lagarde Speaks | EUR | — | — | — |
| 12:00 | ● Unemployment Rate (Aug) | BRL | 5.3% | 5.3% | — |
| 12:30 | ● GDP (MoM) (Jul) | CAD | 0.3% | 0.0% | — |
| 12:30 | ● GDP (MoM) (Jul) | CAD | 0.3% | — | — |
| 13:00 | ● S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul) | USD | 2.1% | 2.2% | — |
| 13:00 | ● S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul) | USD | 0.4% | — | — |
| 14:00 | ● CB Consumer Confidence (Sep) | USD | 89.4 | 89.2 | — |
| 14:00 | ● JOLTS Job Openings (Aug) | USD | 7.271M | 7.230M | — |
| 15:00 | ● BoE MPC Member Mann Speaks | GBP | — | — | — |
| 15:00 | ● FOMC Member Bowman Speaks | USD | — | — | — |
| 16:40 | ● Fed Vice Chair for Supervision Barr Speaks | USD | — | — | — |
| 18:00 | ● FOMC Member Williams Speaks | USD | — | — | — |
| 18:00 | ● ECB's Lane Speaks | EUR | — | — | — |
| 19:00 | ● Fed Waller Speaks | USD | — | — | — |
| 20:30 | ● API Weekly Crude Oil Stock | USD | 1.786M | -1.900M | — |
| 23:50 | ● Industrial Production (MoM) (Aug) | JPY | -0.2% | 1.4% | — |
Precious Metals
Gold
4157.5 $/oz ▲0.11% Session H 4164.1 / L 4131.7 52W 4003.4–5489.4
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 4419.6 | 4356.8 | 4254.8 | 4192.0 | 4090.0 | 4027.2 | 3925.2 |
Gold trades at 4157.5 $/oz (+0.11% vs. prior close) as the European session gets underway, at the 10th percentile of its 4003.4–5489.4 $/oz 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 4192.0 $/oz. The 52-week range of 4003.4–5489.4 places this commodity at the 10th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for COMEX gold: Federal Reserve policy expectations, real yields, USD strength, and central bank reserve buying. Resistance: R1 4254.8, R2 4356.8, R3 4419.6. Support: S1 4090.0, S2 4027.2, S3 3925.2 $/oz. The R1–S1 corridor (4254.8–4090.0) marks the most probable european intraday band.
GoldPrecious MetalsRangebound
Silver
60.910 $/oz ▼0.93% Session H 61.040 / L 60.550 52W 48.301–118.677
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 66.793 | 65.446 | 63.463 | 62.116 | 60.133 | 58.786 | 56.803 |
Silver trades at 60.910 $/oz (-0.93% vs. prior close) as the European session gets underway, at the 18th percentile of its 48.301–118.677 $/oz 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 62.116 $/oz. The 52-week range of 48.301–118.677 places this commodity at the 18th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for COMEX silver: industrial demand from solar/EV manufacturing, monetary premium vs gold (Gold:Silver Ratio), and mine supply. Resistance: R1 63.463, R2 65.446, R3 66.793. Support: S1 60.133, S2 58.786, S3 56.803 $/oz. The R1–S1 corridor (63.463–60.133) marks the most probable european intraday band.
SilverPrecious MetalsBearish
Platinum
1707.2 $/oz ▼2.15% Session H 1741.2 / L 1697.4 52W 1540.7–2940.0
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 1862.5 | 1831.7 | 1788.2 | 1757.4 | 1713.9 | 1683.1 | 1639.6 |
Platinum trades at 1707.2 $/oz (-2.15% vs. prior close) as the European session gets underway, at the 12th percentile of its 1540.7–2940.0 $/oz 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 1757.4 $/oz. The 52-week range of 1540.7–2940.0 places this commodity at the 12th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for NYMEX platinum: autocatalytic demand from hydrogen/fuel cells, palladium substitution economics, and South African mine supply. Resistance: R1 1788.2, R2 1831.7, R3 1862.5. Support: S1 1713.9, S2 1683.1, S3 1639.6 $/oz. The R1–S1 corridor (1788.2–1713.9) marks the most probable european intraday band.
PlatinumPrecious MetalsBearishBelow S1
Palladium
1219.0 $/oz ▼0.33% Session H 1224.0 / L 1206.5 52W 1176.5–2238.7
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 1325.0 | 1300.0 | 1261.5 | 1236.5 | 1198.0 | 1173.0 | 1134.5 |
Palladium trades at 1219.0 $/oz (-0.33% vs. prior close) as the European session gets underway, at the 4th percentile of its 1176.5–2238.7 $/oz 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 1236.5 $/oz. The 52-week range of 1176.5–2238.7 places this commodity at the 4th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for NYMEX palladium: automotive gasoline catalytic demand, EV transition headwinds, and Russian supply constraints. Resistance: R1 1261.5, R2 1300.0, R3 1325.0. Support: S1 1198.0, S2 1173.0, S3 1134.5 $/oz. The R1–S1 corridor (1261.5–1198.0) marks the most probable european intraday band.
PalladiumPrecious MetalsRangebound
Energies
WTI Crude Oil
92.93 $/bbl ▲0.36% Session H 94.74 / L 92.66 52W 55.64–101.69
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 100.97 | 98.75 | 95.68 | 93.46 | 90.39 | 88.17 | 85.10 |
WTI Crude Oil trades at 92.93 $/bbl (+0.36% vs. prior close) as the European session gets underway, at the 81th percentile of its 55.64–101.69 $/bbl 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 93.46 $/bbl. The 52-week range of 55.64–101.69 places this commodity at the 81th percentile — momentum is broadly constructive within the annual range.
Key drivers for NYMEX WTI crude: OPEC+ production quotas, US EIA weekly inventory builds/draws, and refinery run rates. Resistance: R1 95.68, R2 98.75, R3 100.97. Support: S1 90.39, S2 88.17, S3 85.10 $/bbl. The R1–S1 corridor (95.68–90.39) marks the most probable european intraday band.
WTI Crude OilEnergiesRangebound
Brent Crude Oil
105.80 $/bbl ▲0.49% Session H 107.61 / L 105.47 52W 59.10–110.19
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 113.14 | 110.97 | 108.13 | 105.96 | 103.12 | 100.95 | 98.11 |
Brent Crude Oil trades at 105.80 $/bbl (+0.49% vs. prior close) as the European session gets underway, at the 91th percentile of its 59.10–110.19 $/bbl 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 105.96 $/bbl. The 52-week range of 59.10–110.19 places this commodity at the 91th percentile — momentum is broadly constructive within the annual range.
Key drivers for ICE Brent crude: OPEC+ quota compliance, North Sea loadings, and European and Asian refinery margins. Resistance: R1 108.13, R2 110.97, R3 113.14. Support: S1 103.12, S2 100.95, S3 98.11 $/bbl. The R1–S1 corridor (108.13–103.12) marks the most probable european intraday band.
Brent Crude OilEnergiesRangebound
Natural Gas
3.108 $/MMBtu ▲0.06% Session H 3.156 / L 3.105 52W 2.896–4.642
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 3.263 | 3.221 | 3.164 | 3.122 | 3.065 | 3.023 | 2.966 |
Natural Gas trades at 3.108 $/MMBtu (+0.06% vs. prior close) as the European session gets underway, at the 12th percentile of its 2.896–4.642 $/MMBtu 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 3.122 $/MMBtu. The 52-week range of 2.896–4.642 places this commodity at the 12th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for Henry Hub natural gas: US storage draws vs seasonal norms (EIA weekly), weather-driven heating/cooling demand, and LNG export flow. Resistance: R1 3.164, R2 3.221, R3 3.263. Support: S1 3.065, S2 3.023, S3 2.966 $/MMBtu. The R1–S1 corridor (3.164–3.065) marks the most probable european intraday band.
Natural GasEnergiesRangebound
RBOB Gasoline
3.1546 $/gal ▼0.10% Session H 3.1909 / L 3.1484 52W 1.6502–3.4193
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 3.3667 | 3.3124 | 3.2351 | 3.1808 | 3.1035 | 3.0492 | 2.9719 |
RBOB Gasoline trades at 3.1546 $/gal (-0.10% vs. prior close) as the European session gets underway, at the 85th percentile of its 1.6502–3.4193 $/gal 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 3.1808 $/gal. The 52-week range of 1.6502–3.4193 places this commodity at the 85th percentile — momentum is broadly constructive within the annual range.
Key drivers for RBOB gasoline: US driving demand, refinery utilisation rates, and crack spread dynamics. Resistance: R1 3.2351, R2 3.3124, R3 3.3667. Support: S1 3.1035, S2 3.0492, S3 2.9719 $/gal. The R1–S1 corridor (3.2351–3.1035) marks the most probable european intraday band.
RBOB GasolineEnergiesRangebound
Heating Oil
4.4786 $/gal ▼0.37% Session H 4.5944 / L 4.4633 52W 2.0326–5.0499
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 4.8956 | 4.7880 | 4.6417 | 4.5341 | 4.3878 | 4.2802 | 4.1339 |
Heating Oil trades at 4.4786 $/gal (-0.37% vs. prior close) as the European session gets underway, at the 81th percentile of its 2.0326–5.0499 $/gal 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 4.5341 $/gal. The 52-week range of 2.0326–5.0499 places this commodity at the 81th percentile — momentum is broadly constructive within the annual range.
Key drivers for ULSD heating oil: Northern Hemisphere heating demand, distillate inventory levels, and refinery run margins. Resistance: R1 4.6417, R2 4.7880, R3 4.8956. Support: S1 4.3878, S2 4.2802, S3 4.1339 $/gal. The R1–S1 corridor (4.6417–4.3878) marks the most probable european intraday band.
Heating OilEnergiesRangebound
△ OPEC+ Monitoring
OPEC+ Production Quota Update
Track the latest OPEC+ production cuts, quota allocations and compliance data. Monthly output figures, ministerial meeting outcomes and spare capacity estimates — the key drivers behind crude oil prices.
Latest OPEC coverage →Agricultural Commodities
Today's featured selection: Sugar #11, Cocoa, Soybeans, Cotton — comprising the session's top riser, top faller, and two additional picks.
Sugar #11
18.54 ¢/lb ▼0.11% Session H 18.59 / L 18.45 52W 14.42–19.90
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 19.25 | 19.05 | 18.80 | 18.60 | 18.35 | 18.15 | 17.90 |
Sugar #11 trades at 18.54 ¢/lb (-0.11% vs. prior close) as the European session gets underway, at the 75th percentile of its 14.42–19.90 ¢/lb 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 18.60 ¢/lb. The 52-week range of 14.42–19.90 places this commodity at the 75th percentile — momentum is broadly constructive within the annual range.
Key drivers for ICE Sugar #11: Brazilian Center-South harvest pace, Indian/Thai export policies, and ethanol economics linkage. Resistance: R1 18.80, R2 19.05, R3 19.25. Support: S1 18.35, S2 18.15, S3 17.90 ¢/lb. The R1–S1 corridor (18.80–18.35) marks the most probable european intraday band.
Sugar #11AgriculturalRangebound
Cocoa
5589 $/MT ▼0.53% Session H 5741 / L 5574 52W 3061–6821
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 5923 | 5800 | 5709 | 5586 | 5495 | 5372 | 5281 |
Cocoa trades at 5589 $/MT (-0.53% vs. prior close) as the European session gets underway, at the 67th percentile of its 3061–6821 $/MT 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 5586 $/MT. The 52-week range of 3061–6821 places this commodity at the 67th percentile — momentum is broadly constructive within the annual range.
Key drivers for ICE cocoa: West African main crop arrivals (Ghana/Ivory Coast), mid-crop estimates, and European grindings data. Resistance: R1 5709, R2 5800, R3 5923. Support: S1 5495, S2 5372, S3 5281 $/MT. The R1–S1 corridor (5709–5495) marks the most probable european intraday band.
CocoaAgriculturalBearish
Soybeans
1286.50 ¢/bu ▼0.14% Session H 1291.50 / L 1284.00 52W 1048.25–1335.25
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 1357.33 | 1339.92 | 1314.08 | 1296.67 | 1270.83 | 1253.42 | 1227.58 |
Soybeans trades at 1286.50 ¢/bu (-0.14% vs. prior close) as the European session gets underway, at the 83th percentile of its 1048.25–1335.25 ¢/bu 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 1296.67 ¢/bu. The 52-week range of 1048.25–1335.25 places this commodity at the 83th percentile — momentum is broadly constructive within the annual range.
Key drivers for CBOT soybeans: Chinese crusher demand, South American production competition, and USDA weekly export inspections. Resistance: R1 1314.08, R2 1339.92, R3 1357.33. Support: S1 1270.83, S2 1253.42, S3 1227.58 ¢/bu. The R1–S1 corridor (1314.08–1270.83) marks the most probable european intraday band.
SoybeansAgriculturalRangebound
Cotton
81.29 ¢/lb ▼1.89% Session H 82.91 / L 81.20 52W 66.86–93.74
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 85.74 | 84.82 | 83.84 | 82.92 | 81.94 | 81.02 | 80.04 |
Cotton trades at 81.29 ¢/lb (-1.89% vs. prior close) as the European session gets underway, at the 54th percentile of its 66.86–93.74 ¢/lb 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 82.92 ¢/lb. The 52-week range of 66.86–93.74 places this commodity at the 54th percentile — momentum is broadly constructive within the annual range.
Key drivers for ICE cotton: USDA export sales data, Chinese textile demand, and competing acreage against soybeans. Resistance: R1 83.84, R2 84.82, R3 85.74. Support: S1 81.94, S2 81.02, S3 80.04 ¢/lb. The R1–S1 corridor (83.84–81.94) marks the most probable european intraday band.
CottonAgriculturalBearishBelow S1
🌿 Agricultural Markets
Understanding WASDE Reports and Grain Markets
The USDA WASDE (World Agricultural Supply and Demand Estimates) is published monthly and is the single most important data release for grain futures. Learn how to read supply/demand tables, ending stocks, and what weather models mean for crop prices.
Explore commodities →For informational purposes only — not investment advice. Pivot levels computed from the previous session's OHLC via the classic floor-pivot formula. Price data sourced from Yahoo Finance (front-month futures) as of the European session, Tuesday 29 September 2026. Futures prices are subject to roll effects near contract expiry. Past performance is not indicative of future results.
