Commodities midday: Silver leads losses, GLD and UNG fall

Where prices stand

As of Oct 14, 14:00 UTC the SLV ETF fell 4.80% from the prior close to $50.92; the UNG ETF fell 2.89% to $11.08; the GLD ETF fell 1.83% to $374.70. The CPER ETF fell 0.69% to $40.17; the BNO ETF fell 0.14% to $65.01; and the USO ETF rose 0.50% to $153.85.

Trend check

WTI Crude Oil is neutral with RSI(14) 51.3; close 96.24, 50-day SMA 90.67 and long SMA 84.25. Brent Crude is neutral with RSI(14) 58.7; close 125.44, 50-day SMA 104.01 and long SMA 92.72. Natural Gas is neutral with RSI(14) 53.5; close 3.0300, 50-day SMA 2.8560 and long SMA 3.4950.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 13, 22:40 UTC); it is not a recommendation.

In the news

Reuters published “Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit” (Oct 14, 10:29 UTC). Forexlive ran “investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI” (Oct 14, 11:24 UTC). Cointelegraph published “Bitcoin will become ‘less volatile’ and larger than gold: ‘The Bitcoin Standard’ author” (Oct 14, 10:25 UTC).

• Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit — Reuters, Oct 14, 10:29 UTC
• investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI — Forexlive, Oct 14, 11:24 UTC
• Bitcoin will become ‘less volatile’ and larger than gold: ‘The Bitcoin Standard’ author — Cointelegraph, Oct 14, 10:25 UTC

What to watch

Retail sales (Census) for the US is scheduled Thu Oct 15 (time not confirmed); the event is marked high importance and is listed with source fred, according to the calendar entry.

• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)

Sources and data

• Reuters (secondary source) — Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit
• Forexlive (secondary source) — investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI
• Cointelegraph (secondary source) — Bitcoin will become ‘less volatile’ and larger than gold: ‘The Bitcoin Standard’ author
• Finnhub (market data) — market data
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 14, 14:00 UTC; report generated Oct 14, 14:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.