Global Commodities — US Session: Gold +0.69%, WTI -1.36%, Cocoa -4.31%
MarketsFN Commodities Desk
Commodity markets enter the US session on Tuesday 29 September 2026 as COMEX opens and New York liquidity adds depth to price discovery. Top movers at this hour: Cocoa (-4.31%), Platinum (-2.14%), Natural Gas (-2.03%). Energies are declining (avg -1.32%) — the NYMEX WTI floor is now active and any intraday EIA inventory surprise, SPR news, or OPEC delegate commentary will move the market with outsized volume. Precious metals are retreating (avg -0.52%) into the second London PM fix window, with Fed speakers and US data releases the primary dollar-move catalyst.
Agricultural futures (avg -1.03%) open the CBOT afternoon pit session, where grain and soft commodity traders absorb any USDA export sales data released earlier this morning. Large managed-money positions in grains mean macro USD moves can trigger outsized technical reactions. Equity risk tone from the S&P 500 open also feeds back into risk-sensitive commodities like copper and crude oil.
All commodities below carry live pivot levels from yesterday's full OHLC, 65-bar candlestick charts with SMA20, SMA50 and Bollinger Bands, and US session forward 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% | — | 4.58% |
| 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 | — | 3,081.7K |
| 11:00 | ● ECB President Lagarde Speaks | EUR | — | — | — |
| 12:00 | ● Unemployment Rate (Aug) | BRL | 5.3% | 5.3% | 5.3% |
| 12:30 | ● GDP (MoM) (Jul) | CAD | 0.3% | 0.0% | 0.0% |
| 12:31 | ● GDP (MoM) (Aug) | CAD | 0.0% | — | 0.2% |
| 13:00 | ● S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul) | USD | 2.2% | 2.2% | 2.5% |
| 13:00 | ● S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul) | USD | 0.4% | — | 0.0% |
| 14:00 | ● CB Consumer Confidence (Sep) | USD | 88.6 | 89.2 | 81.9 |
| 14:00 | ● JOLTS Job Openings (Aug) | USD | 7.335M | 7.230M | 7.079M |
| 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
4181.3 $/oz ▲0.69% Session H 4191.4 / 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 4181.3 $/oz (+0.69% vs. prior close) as the US session gets underway, at the 12th 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 12th 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 us intraday band.
GoldPrecious MetalsBullish
Silver
61.300 $/oz ▼0.29% Session H 61.475 / 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 61.300 $/oz (-0.29% vs. prior close) as the US 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 us intraday band.
SilverPrecious MetalsRangebound
Platinum
1707.4 $/oz ▼2.14% Session H 1741.2 / L 1695.3 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 1707.4 $/oz (-2.14% vs. prior close) as the US 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 us intraday band.
PlatinumPrecious MetalsBearishBelow S1
Palladium
1219.0 $/oz ▼0.33% Session H 1245.0 / 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 US 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 us intraday band.
PalladiumPrecious MetalsRangebound
Energies
WTI Crude Oil
91.34 $/bbl ▼1.36% Session H 94.74 / L 90.13 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 91.34 $/bbl (-1.36% vs. prior close) as the US session gets underway, at the 78th 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 78th 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 us intraday band.
WTI Crude OilEnergiesBearish
Brent Crude Oil
104.26 $/bbl ▼0.97% Session H 107.61 / L 102.86 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 104.26 $/bbl (-0.97% vs. prior close) as the US 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 105.96 $/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 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 us intraday band.
Brent Crude OilEnergiesBearish
Natural Gas
3.043 $/MMBtu ▼2.03% Session H 3.156 / L 3.034 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 3.043 $/MMBtu (-2.03% vs. prior close) as the US 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 3.122 $/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 3.164, 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 us intraday band.
Natural GasEnergiesBearishBelow S1
RBOB Gasoline
3.1491 $/gal ▼0.28% Session H 3.1909 / L 3.0500 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 3.1491 $/gal (-0.28% vs. prior close) as the US 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 us intraday band.
RBOB GasolineEnergiesRangebound
Heating Oil
4.4079 $/gal ▼1.94% Session H 4.5944 / L 4.3740 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 4.4079 $/gal (-1.94% vs. prior close) as the US session gets underway, at the 79th 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 79th 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 us intraday band.
Heating OilEnergiesBearish
△ 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, Corn, Coffee, Cocoa — comprising the session's top riser, top faller, and two additional picks.
Sugar #11
18.87 ¢/lb ▲1.67% Session H 19.00 / L 18.40 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 18.87 ¢/lb (+1.67% vs. prior close) as the US session gets underway, at the 81th percentile of its 14.42–19.90 ¢/lb 52-week range. Intraday bias tilts bullish while price holds above the daily pivot at 18.60 ¢/lb. The 52-week range of 14.42–19.90 places this commodity at the 81th 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 us intraday band.
Sugar #11AgriculturalBullishAbove R1
Corn
522.25 ¢/bu ▼0.14% Session H 526.50 / L 519.75 52W 425.75–549.75
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 540.67 | 534.83 | 528.92 | 523.08 | 517.17 | 511.33 | 505.42 |
Corn trades at 522.25 ¢/bu (-0.14% vs. prior close) as the US session gets underway, at the 78th percentile of its 425.75–549.75 ¢/bu 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 523.08 ¢/bu. The 52-week range of 425.75–549.75 places this commodity at the 78th percentile — momentum is broadly constructive within the annual range.
Key drivers for CBOT corn: USDA WASDE supply/demand balance, US/Brazilian crop ratings, and ethanol blend mandates. Resistance: R1 528.92, R2 534.83, R3 540.67. Support: S1 517.17, S2 511.33, S3 505.42 ¢/bu. The R1–S1 corridor (528.92–517.17) marks the most probable us intraday band.
CornAgriculturalRangebound
Coffee
284.90 ¢/lb ▼1.33% Session H 290.00 / L 281.80 52W 231.80–348.40
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 308.93 | 300.22 | 294.48 | 285.77 | 280.03 | 271.32 | 265.58 |
Coffee trades at 284.90 ¢/lb (-1.33% vs. prior close) as the US session gets underway, at the 46th percentile of its 231.80–348.40 ¢/lb 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 285.77 ¢/lb. The 52-week range of 231.80–348.40 places this commodity at the 46th percentile — price remains in the lower half of its annual range, reflecting structural headwinds.
Key drivers for ICE Arabica coffee: Brazilian and Vietnamese crop conditions, seasonal frost risk, and managed-money positioning. Resistance: R1 294.48, R2 300.22, R3 308.93. Support: S1 280.03, S2 271.32, S3 265.58 ¢/lb. The R1–S1 corridor (294.48–280.03) marks the most probable us intraday band.
CoffeeAgriculturalBearish
Cocoa
5348 $/MT ▼4.31% Session H 5665 / L 5344 52W 3061–6821
| R3 | R2 | R1 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|
| 5862 | 5802 | 5695 | 5635 | 5528 | 5468 | 5361 |
Cocoa trades at 5348 $/MT (-4.31% vs. prior close) as the US session gets underway, at the 61th percentile of its 3061–6821 $/MT 52-week range. Intraday bias neutral-to-bearish while price holds below the daily pivot at 5635 $/MT. The 52-week range of 3061–6821 places this commodity at the 61th 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 5695, R2 5802, R3 5862. Support: S1 5528, S2 5468, S3 5361 $/MT. The R1–S1 corridor (5695–5528) marks the most probable us intraday band.
CocoaAgriculturalBearishBelow 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 US session, Tuesday 29 September 2026. Futures prices are subject to roll effects near contract expiry. Past performance is not indicative of future results.
