Commodity Futures Forecasts (April 15, 2016 - April 22, 2016)
Evgeny Ilyukhin | Apr 17, 2016 08:48PM ET
The article aims to provide price forecasts for commodity futures for April 22, 2016. The table below shows the weekly commodity futures contracts in US dollars over the period from March 18, 2016 to April 15, 2016 (commodity exchanges data) and forecasted period - April 22, 2016 (author’s calculations). The commodities are classified and placed in alphabetical order. The commodity metrics and names of exchanges are provided.
Forecasted values: increase in green; decrease in red. Forecasts are projected with an Autoregressive Integrated Moving Average (ARIMA) model based on weekly historical data. It is advised to use forecasted values for identifying the short-term price trends over the period firstly. Of the commodities presented, oats contracts are expected to drop by the end of the week (-7.99%). The modest changes in contract prices are expected for cattle and palladium. The groups of metals (except copper and zinc) and softs (except cocoa) will likely show negative dynamic in prices.
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