Commodity Futures Forecasts: July 18, 2016 – July 22, 2016
Evgeny Ilyukhin | Jul 17, 2016 01:36PM ET
The article aims to provide price forecasts for commodity futures for July 22, 2016. The tables below show the weekly commodity futures prices in US dollars over the period from June 17, 2016 to July 15, 2016 (commodity exchanges data) and forecasted period - July 22, 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 Palladium (3.63%). Corn (-5.03%), Soybean Oil (-3.99%) and Silver (-3.92%) 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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