The article aims to provide price forecasts for commodity futures for November 04, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from September 30, 2016 to October 28, 2016 (commodity exchanges data) and forecasted period – November 04, 2016 (author’s calculations). The commodities are classified and placed in alphabetical order. The commodity units and exchange abbreviations are provided. Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on relevant weekly historical data.
It is advised to use forecasted values for identifying the short-term price trends over the period firstly. Palladium (-4.48%), crude oil WTI (-4.73%) and crude oil Brent (-4.31%) will likely drop in price by the end of the week. On the group level, the group of meats commodities is expected to rise over the period.
