Commodity Futures Forecasts: July 11, 2016 – July 15, 2016
Evgeny Ilyukhin | Jul 10, 2016 12:46PM ET
This article aims to provide price forecasts for commodity futures for July 15, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from June 10, 2016 to July 08, 2016 (commodity exchanges data) and forecasted period - July 15, 2016 (author’s calculations).
The commodities are classified and placed in alphabetical order. The commodity metrics 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 changes are expected for Coffee (2.81%), Zinc (2.23%) and Natural Gas (2.13%). Copper (-5.08%), Lean Hogs (-4.98%) and Corn (-4.08%) will likely drop in price by the end of the week. On the group level, no commodities are expected to grow over the period.
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