Global Commodities — European Session: Gold +0.95%, WTI +0.93%, Heating Oil +3.08%
MarketsFN Commodities Desk
Global commodity markets open the European session on Wednesday 30 September 2026 with the top movers across asset classes: Heating Oil (+3.08%), Coffee (+2.25%), Platinum (+1.57%). Energies are advancing (avg +1.51%) as London trading begins and traders monitor OPEC+ compliance data and the mid-week EIA inventory outlook. Precious metals are firm (avg +0.87%) 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 +0.88%) 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 Wed 30 Sep 2026.
Today's Economic Calendar
| Time (UTC) | Event | CCY | Previous | Forecast | Actual |
|---|---|---|---|---|---|
| 01:30 | ● Building Approvals (MoM) (Aug) | AUD | -1.9% | -1.6% | -6.1% |
| 01:30 | ● Chinese Composite PMI (Sep) | CNY | 49.5 | — | 50.7 |
| 01:30 | ● Manufacturing PMI (Sep) | CNY | 49.8 | 50.1 | 50.1 |
| 01:30 | ● Non-Manufacturing PMI (Sep) | CNY | 49.0 | 49.2 | 50.2 |
| 01:45 | ● RatingDog Manufacturing PMI (MoM) (Sep) | CNY | 51.5 | 51.7 | 52.1 |
| 01:45 | ● RatingDog Services PMI (Sep) | CNY | 51.4 | 51.3 | 51.6 |
| 02:20 | ● ECB's Elderson Speaks | EUR | — | — | — |
| 06:00 | ● Business Investment (QoQ) (Q2) | GBP | 3.0% | 1.7% | 1.8% |
| 06:00 | ● Current Account (Q2) | GBP | -21.1B | -25.6B | -19.9B |
| 06:00 | ● GDP (QoQ) (Q2) | GBP | 0.6% | 0.4% | 0.5% |
| 06:00 | ● GDP (YoY) (Q2) | GBP | 0.9% | 1.2% | 1.4% |
| 06:00 | ● German Retail Sales (MoM) (Aug) | EUR | -3.2% | 1.6% | 1.3% |
| 06:45 | ● French Consumer Spending (MoM) (Aug) | EUR | 0.4% | 0.0% | -0.5% |
| 06:45 | ● French CPI (MoM) (Sep) | EUR | 0.7% | -0.5% | -0.3% |
| 06:45 | ● French HICP (MoM) (Sep) | EUR | 0.7% | -0.5% | -0.4% |
| 07:00 | ● European Central Bank Non-monetary Policy Meeting | EUR | — | — | — |
| 07:55 | ● German Unemployment Change (Sep) | EUR | 5K | 1K | 12K |
| 07:55 | ● German Unemployment Rate (Sep) | EUR | 6.4% | 6.4% | 6.4% |
| 09:30 | ● German 10-Year Bund Auction | EUR | 3.390% | — | 3.580% |
| 11:30 | ● Gross Debt-to-GDP ratio (MoM) (Aug) | BRL | 82.5% | 83.1% | — |
| 12:00 | ● German CPI (MoM) (Sep) | EUR | 0.2% | 0.5% | — |
| 12:00 | ● German CPI (YoY) (Sep) | EUR | 2.9% | 3.1% | — |
| 12:15 | ● ADP Nonfarm Employment Change (Sep) | USD | 38K | 73K | — |
| 12:30 | ● Core PCE Price Index (MoM) (Aug) | USD | 0.2% | 0.3% | — |
| 12:30 | ● Core PCE Price Index (YoY) (Aug) | USD | 3.3% | 3.3% | — |
| 12:30 | ● Core PCE Prices (Q2) | USD | 4.40% | 3.60% | — |
| 12:30 | ● GDP (QoQ) (Q2) | USD | 2.1% | 1.5% | — |
| 12:30 | ● GDP Price Index (QoQ) (Q2) | USD | 3.6% | 6.4% | — |
| 12:30 | ● Goods Trade Balance (Aug) | USD | -118.80B | -116.30B | — |
| 12:30 | ● PCE price index (MoM) (Aug) | USD | 0.2% | 0.4% | — |
| 12:30 | ● PCE Price index (YoY) (Aug) | USD | 3.7% | 3.7% | — |
| 12:30 | ● Personal Spending (MoM) (Aug) | USD | 0.2% | 0.8% | — |
| 12:30 | ● Retail Inventories Ex Auto (Aug) | USD | 0.8% | — | — |
| 13:45 | ● Chicago PMI (Sep) | USD | 47.1 | 51.2 | — |
| 14:00 | ● Atlanta Fed GDPNow (Q3) | USD | 5.0% | 5.0% | — |
| 14:18 | ● GDP Monthly (YoY) (Aug) | RUB | 0.6% | — | — |
| 14:30 | ● Crude Oil Inventories | USD | 2.969M | -0.700M | — |
| 14:30 | ● Cushing Crude Oil Inventories | USD | 2.266M | — | — |
| 15:45 | ● ECB's Schnabel Speaks | EUR | — | — | — |
| 16:00 | ● Retail Sales (YoY) (Aug) | RUB | 5.3% | 5.6% | — |
| 16:00 | ● Unemployment Rate (Aug) | RUB | 2.3% | 2.2% | — |
| 19:30 | ● U.S. President Trump Speaks | USD | — | — | — |
| 22:00 | ● FOMC Member Kashkari Speaks | USD | — | — | — |
Precious Metals
Gold
4203.4 $/oz ▲0.95% Session H 4217.4 / L 4182.6 52W 4009.1–5489.4
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 4269.2 | 4235.3 | 4199.6 | 4165.7 | 4130.0 | 4096.1 | 4060.4 |
Gold trades at 4203.4 $/oz (+0.95% vs. prior close) as the European session gets underway, at the 13th percentile of its 4009.1–5489.4 $/oz 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 4165.7 $/oz. The 52-week range of 4009.1–5489.4 places this commodity at the 13th 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 4199.6, R2 4235.3, R3 4269.2. Support: S1 4130.0, S2 4096.1, S3 4060.4 $/oz. The R1–S1 corridor (4199.6–4130.0) marks the most probable european intraday band.
GoldPrecious MetalsBullishAbove R1
Silver
60.890 $/oz ▼0.04% Session H 61.740 / L 60.890 52W 48.301–118.677
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 62.509 | 62.045 | 61.479 | 61.015 | 60.449 | 59.985 | 59.419 |
Silver trades at 60.890 $/oz (-0.04% 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 61.015 $/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 61.479, R2 62.045, R3 62.509. Support: S1 60.449, S2 59.985, S3 59.419 $/oz. The R1–S1 corridor (61.479–60.449) marks the most probable european intraday band.
SilverPrecious MetalsRangebound
Platinum
1727.7 $/oz ▲1.57% Session H 1741.1 / L 1713.5 52W 1540.7–2940.0
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 1775.6 | 1758.4 | 1729.7 | 1712.5 | 1683.8 | 1666.6 | 1637.9 |
Platinum trades at 1727.7 $/oz (+1.57% vs. prior close) as the European session gets underway, at the 13th percentile of its 1540.7–2940.0 $/oz 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 1712.5 $/oz. The 52-week range of 1540.7–2940.0 places this commodity at the 13th 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 1729.7, R2 1758.4, R3 1775.6. Support: S1 1683.8, S2 1666.6, S3 1637.9 $/oz. The R1–S1 corridor (1729.7–1683.8) marks the most probable european intraday band.
PlatinumPrecious MetalsBullish
Palladium
1226.0 $/oz ▲1.01% Session H 1245.0 / L 1225.0 52W 1176.5–2238.7
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 1275.5 | 1260.2 | 1237.0 | 1221.7 | 1198.5 | 1183.2 | 1160.0 |
Palladium trades at 1226.0 $/oz (+1.01% vs. prior close) as the European session gets underway, at the 5th percentile of its 1176.5–2238.7 $/oz 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 1221.7 $/oz. The 52-week range of 1176.5–2238.7 places this commodity at the 5th 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 1237.0, R2 1260.2, R3 1275.5. Support: S1 1198.5, S2 1183.2, S3 1160.0 $/oz. The R1–S1 corridor (1237.0–1198.5) marks the most probable european intraday band.
PalladiumPrecious MetalsBullish
Energies
WTI Crude Oil
90.21 $/bbl ▲0.93% Session H 90.61 / L 88.58 52W 55.64–101.69
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 99.11 | 96.93 | 93.15 | 90.97 | 87.19 | 85.01 | 81.23 |
WTI Crude Oil trades at 90.21 $/bbl (+0.93% vs. prior close) as the European session gets underway, at the 75th percentile of its 55.64–101.69 $/bbl 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 90.97 $/bbl. The 52-week range of 55.64–101.69 places this commodity at the 75th 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 93.15, R2 96.93, R3 99.11. Support: S1 87.19, S2 85.01, S3 81.23 $/bbl. The R1–S1 corridor (93.15–87.19) marks the most probable european intraday band.
WTI Crude OilEnergiesBullish
Brent Crude Oil
103.83 $/bbl ▲1.21% Session H 103.83 / L 102.16 52W 59.10–110.19
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 111.37 | 109.49 | 106.04 | 104.16 | 100.71 | 98.83 | 95.38 |
Brent Crude Oil trades at 103.83 $/bbl (+1.21% vs. prior close) as the European session gets underway, at the 88th percentile of its 59.10–110.19 $/bbl 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 104.16 $/bbl. The 52-week range of 59.10–110.19 places this commodity at the 88th 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 106.04, R2 109.49, R3 111.37. Support: S1 100.71, S2 98.83, S3 95.38 $/bbl. The R1–S1 corridor (106.04–100.71) marks the most probable european intraday band.
Brent Crude OilEnergiesBullish
Natural Gas
3.034 $/MMBtu ▲0.76% Session H 3.037 / L 3.011 52W 2.896–4.642
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 3.267 | 3.212 | 3.111 | 3.056 | 2.955 | 2.900 | 2.799 |
Natural Gas trades at 3.034 $/MMBtu (+0.76% vs. prior close) as the European session gets underway, at the 8th percentile of its 2.896–4.642 $/MMBtu 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 3.056 $/MMBtu. The 52-week range of 2.896–4.642 places this commodity at the 8th 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 3.111, R2 3.212, R3 3.267. Support: S1 2.955, S2 2.900, S3 2.799 $/MMBtu. The R1–S1 corridor (3.111–2.955) marks the most probable european intraday band.
Natural GasEnergiesBullish
RBOB Gasoline
3.1812 $/gal ▲1.56% Session H 3.1877 / L 3.1040 52W 1.6502–3.4193
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 3.3397 | 3.2653 | 3.1988 | 3.1244 | 3.0579 | 2.9835 | 2.9170 |
RBOB Gasoline trades at 3.1812 $/gal (+1.56% vs. prior close) as the European session gets underway, at the 87th percentile of its 1.6502–3.4193 $/gal 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 3.1244 $/gal. The 52-week range of 1.6502–3.4193 places this commodity at the 87th 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 3.1988, R2 3.2653, R3 3.3397. Support: S1 3.0579, S2 2.9835, S3 2.9170 $/gal. The R1–S1 corridor (3.1988–3.0579) marks the most probable european intraday band.
RBOB GasolineEnergiesBullish
Heating Oil
4.6487 $/gal ▲3.08% Session H 4.6767 / L 4.5161 52W 2.0326–5.0499
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 4.8320 | 4.7132 | 4.6116 | 4.4928 | 4.3912 | 4.2724 | 4.1708 |
Heating Oil trades at 4.6487 $/gal (+3.08% vs. prior close) as the European session gets underway, at the 87th percentile of its 2.0326–5.0499 $/gal 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 4.4928 $/gal. The 52-week range of 2.0326–5.0499 places this commodity at the 87th 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 4.6116, R2 4.7132, R3 4.8320. Support: S1 4.3912, S2 4.2724, S3 4.1708 $/gal. The R1–S1 corridor (4.6116–4.3912) marks the most probable european intraday band.
Heating OilEnergiesBullishAbove R1
△ 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: Coffee, Cocoa, Wheat, Sugar #11 — comprising the session's top riser, top faller, and two additional picks.
Coffee
295.95 ¢/lb ▲2.25% Session H 296.30 / L 291.70 52W 231.80–348.40
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 306.23 | 299.82 | 294.63 | 288.22 | 283.03 | 276.62 | 271.43 |
Coffee trades at 295.95 ¢/lb (+2.25% vs. prior close) as the European session gets underway, at the 55th percentile of its 231.80–348.40 ¢/lb 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 288.22 ¢/lb. The 52-week range of 231.80–348.40 places this commodity at the 55th percentile — momentum is broadly constructive within the annual range.
Key drivers for ICE Arabica coffee: Brazilian and Vietnamese crop conditions, seasonal frost risk, and managed-money positioning. Resistance: R1 294.63, R2 299.82, R3 306.23. Support: S1 283.03, S2 276.62, S3 271.43 ¢/lb. The R1–S1 corridor (294.63–283.03) marks the most probable european intraday band.
CoffeeAgriculturalBullishAbove R1
Cocoa
5464 $/MT ▲1.04% Session H 5468 / L 5330 52W 3061–6821
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 5962 | 5813 | 5611 | 5462 | 5260 | 5111 | 4909 |
Cocoa trades at 5464 $/MT (+1.04% vs. prior close) as the European session gets underway, at the 64th percentile of its 3061–6821 $/MT 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 5462 $/MT. The 52-week range of 3061–6821 places this commodity at the 64th 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 5611, R2 5813, R3 5962. Support: S1 5260, S2 5111, S3 4909 $/MT. The R1–S1 corridor (5611–5260) marks the most probable european intraday band.
CocoaAgriculturalBullish
Wheat
697.00 ¢/bu ▲0.61% Session H 698.50 / L 690.75 52W 557.25–795.00
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 709.83 | 701.92 | 697.33 | 689.42 | 684.83 | 676.92 | 672.33 |
Wheat trades at 697.00 ¢/bu (+0.61% vs. prior close) as the European session gets underway, at the 59th percentile of its 557.25–795.00 ¢/bu 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 689.42 ¢/bu. The 52-week range of 557.25–795.00 places this commodity at the 59th percentile — momentum is broadly constructive within the annual range.
Key drivers for CBOT wheat: Black Sea/Ukraine export flows, Australian and Canadian harvest prospects, and global food security premia. Resistance: R1 697.33, R2 701.92, R3 709.83. Support: S1 684.83, S2 676.92, S3 672.33 ¢/bu. The R1–S1 corridor (697.33–684.83) marks the most probable european intraday band.
WheatAgriculturalBullish
Sugar #11
18.77 ¢/lb ▼0.37% Session H 19.12 / L 18.72 52W 14.42–19.90
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 19.73 | 19.37 | 19.11 | 18.75 | 18.49 | 18.13 | 17.87 |
Sugar #11 trades at 18.77 ¢/lb (-0.37% vs. prior close) as the European session gets underway, at the 79th percentile of its 14.42–19.90 ¢/lb 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 18.75 ¢/lb. The 52-week range of 14.42–19.90 places this commodity at the 79th 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 19.11, R2 19.37, R3 19.73. Support: S1 18.49, S2 18.13, S3 17.87 ¢/lb. The R1–S1 corridor (19.11–18.49) marks the most probable european intraday band.
Sugar #11AgriculturalRangebound
🌿 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, Wednesday 30 September 2026. Futures prices are subject to roll effects near contract expiry. Past performance is not indicative of future results.
