Weekly Commodity Futures Forecasts: December 5th – 9th, 2016
Evgeny Ilyukhin | Dec 05, 2016 11:40AM ET
The article aims to provide price forecasts for commodity futures for December 09, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from November 04, 2016 to December 02, 2016 (commodity exchanges data) and forecasted period – December 09, 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 not expected. Crude oil WTI (-5.64%), sugar (-4.69%) and Brent crude oil (-4.55%) will likely drop in price by the end of the week. On the group level, all the groups would lower over the period.
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