Technical Analysis
Market Analysis, Metals, Technical Analysis
Iron Ore Price Forecast: Futures Recover Above CNY 680 as China Steel Output Rebounds
Iron ore futures have climbed above CNY 680 per tonne, recovering from four-year lows as stronger Chinese steel production and better-than-expected economic growth provide fresh support for demand expectations. China’s daily crude steel output increased by 1.9% month over month to 2.45 million tonnes in September, marking the first monthly increase since June and offering […]
by Currency Hedger
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- 6 days ago
Commodities, Technical Analysis
Wheat Price Forecast: Futures Rebound to $6.62 as Russia-Ukraine Escalation Threatens Black Sea Grain Supplies
Wheat prices have rebounded to around $6.62 per bushel, recovering from a two-month low recorded on October 16 as renewed Russia-Ukraine tensions revive concerns over global grain supplies. The escalation has increased uncertainty surrounding Black Sea export routes, with traders assessing whether further attacks on infrastructure could disrupt shipments from two of the world’s important […]
by Currency Hedger
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- 6 days ago
Energies, Market Analysis, Technical Analysis
Brent Crude Oil Forecast: Prices Fall 2% Toward $107 as Supply Recovery Counters Geopolitical Risks
Brent crude oil has retreated more than 2% towards $107 per barrel following last week’s strong rally, as traders weigh signs of recovering Middle Eastern oil flows against continuing geopolitical tensions and shipping disruptions. The market remains highly sensitive to developments around the Strait of Hormuz, Russian energy exports and the pace at which regional […]
by Currency Hedger
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- 6 days ago
Energies, Market Analysis, Technical Analysis
Heating Oil Price Forecast: Futures Fall 2.95% to 4.7545 Despite Annual Surge of 116.86%
Heating oil futures are trading at 4.7545, down 0.145 points, or 2.95%, as the market retreats despite an extraordinary annual gain of 116.86%. Prices are also down 2.78% over the past month, indicating that near-term momentum has weakened following the substantial longer-term advance. However, the fourth-quarter forecast of 5.0934 points to further potential upside if […]
by Currency Hedger
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- 6 days ago
Commodities, Technical Analysis
Soybean Price Forecast: Futures Rise to 1,264.66 as Annual Gains Reach 22.50% Despite Monthly Weakness
Soybean futures are trading at 1,264.66, gaining 3.41 points, or 0.27%, as the market attempts to stabilise following a monthly decline of 4.83%. Despite the recent pullback, soybeans remain significantly higher over the past year, with prices up 22.50%. The fourth-quarter forecast of 1,276.49 points to modest further upside from current levels, although demand conditions, […]
by Currency Hedger
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- 6 days ago
Hedging, Market Analysis, Metals, Technical Analysis
Steel Rebar Price Forecast: Futures Slip to 3,083 as Construction Demand Remains Under Pressure
Steel rebar futures are trading at 3,083.00 after declining 0.19% in the latest session, extending a monthly loss of 1.03%. Despite the recent weakness, prices remain 1.82% higher than a year ago, suggesting that the market has retained modest annual gains while struggling to establish stronger near-term momentum. The fourth-quarter forecast stands at 3,109.08, above […]
by Currency Hedger
- 0 Comments
- 6 days ago
Commodities, Market Analysis, Technical Analysis
Lumber Price Forecast: Futures Fall 1.02% to 531.04 as Housing Weakness Weighs on Market Outlook
Lumber futures are trading at 531.04 after falling 1.02% in the latest session, extending a period of weakness that has left prices down 3.18% over the month and 16.01% over the past year. The decline highlights continued pressure on the lumber market, where demand is closely linked to residential construction, renovation activity, mortgage affordability and […]
by Currency Hedger
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- 6 days ago
Energies, Market Analysis, Technical Analysis
Coal Price Forecast: Coal Futures Rise to 150.40 as Annual Gains Reach 45.38% and Q4 Forecast Points Higher
Coal futures are trading at 150.40, gaining 0.50% in the latest session as prices extend their positive performance across both monthly and annual periods. Coal has risen 3.98% over the past month and 45.38% over the past year, highlighting a strong longer-term advance in the market. The fourth-quarter forecast stands at 153.32, modestly above the […]
by Currency Hedger
- 0 Comments
- 6 days ago
Market Analysis, Metals, Technical Analysis
Copper Price Forecast: Copper Trades at 6.5665 After Daily Gain as Prices Target 6.6529 in Q4
Copper prices are trading at 6.5665, up 0.54% on the day, as the metal maintains a strong annual performance despite a modest monthly pullback. Copper has gained 30.96% over the past year, highlighting the strength of the broader price trend, while the latest monthly decline of 1.80% suggests some consolidation following the substantial advance. The […]
by Currency Hedger
- 0 Comments
- 6 days ago
CAD, Market Analysis, Technical Analysis
USD/CAD Price Forecast: Hangs near multi-week low, holds above 1.4100 ahead of Canadian CPI
The USD/CAD pair remains under some selling pressure for the third straight day on Monday, prolonging last week’s rejection slide from the 1.4300 mark, or its highest level since April 2025. Spot prices drop to an over three-week low, around the 1.4100 neighborhood, during the Asian session as traders now look forward to the latest […]
by Currency Hedger
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- 6 days ago