The article aims to provide price forecasts for commodity futures for October 21, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from September 16, 2016 to October 14, 2016 (commodity exchanges data) and forecasted period – October 21, 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. The notable positive price changes are expected for Lean Hogs (3.69%), Live Cattle (2.62%), Crude Palm Oil (2.35%). Crude Oil WTI (-5.29%), Crude Oil Brent (-4.75%) and Natural Gas (-3.16%) will likely drop in price by the end of the week. On the group level, the group of Meats is expected to rise over the period.
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Weekly Commodity Futures Forecasts: October 17, – October 21, 2016
Published 10/18/2016, 11:30 AM
Updated 07/09/2023, 06:32 AM
Weekly Commodity Futures Forecasts: October 17, – October 21, 2016
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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