Commodities update: Natural Gas leads as UNG rises 3.66%

Where prices stand

Finnhub prices as of Oct 13, 18:00 UTC (copper at Oct 13, 17:57 UTC) show Natural Gas led the session: the UNG ETF, which tracks Natural Gas, rose 3.66% from the prior close to $11.32. The SLV ETF, which tracks Silver, fell 1.95% from the prior close to $53.29. The USO ETF, which tracks WTI Crude Oil, rose 0.87% from the prior close to $152.34. The CPER ETF, which tracks Copper, fell 0.71% from the prior close to $40.34. The GLD ETF, which tracks Gold, fell 0.49% from the prior close to $380.27. The BNO ETF, which tracks Brent Crude, fell 0.23% from the prior close to $64.97.

Trend check

Finnhub trend signals show WTI Crude Oil neutral with RSI(14) 51.3; last close 96.24 sits above the 50-day SMA 90.67 and the long SMA 84.25. Brent Crude is neutral with RSI(14) 58.7 and last close 125.44 above its 50-day SMA 104.01 and long SMA 92.72. Natural Gas is neutral with RSI(14) 53.5; last close 3.0300 is above the 50-day SMA 2.8560 but below the long SMA 3.4950.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 12, 22:41 UTC); it is not a recommendation.

In the news

Reuters published an article on a September rise in OPEC+ oil output led by Saudi production. Reuters published a separate story on Occidental and oil prices tied to supply concerns lifting crude. Yahoo ran an analysis on artificial intelligence that compares Nvidia and Bumble and discusses investor focus on AI.

• Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption — Reuters, Oct 13, 13:58 UTC
• Occidental oil prices jump as supply concerns lift crude — Reuters, Oct 13, 12:01 UTC
• Nvidia (NVDA) vs. Bumble (BMBL): How the AI Gold Rush is Blinding Investors to Real-Value Gems — Yahoo, Oct 13, 15:34 UTC

What to watch

Consumer Price Index is scheduled Wed Oct 14, 12:30 UTC (source: bls). Retail sales (Census) is scheduled Thu Oct 15 (time not confirmed) (source: fred).

• Wed Oct 14, 12:30 UTC — Consumer Price Index (US) (source)
• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)

Sources and data

• Reuters (secondary source) — Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption
• Yahoo (secondary source) — Nvidia (NVDA) vs. Bumble (BMBL): How the AI Gold Rush is Blinding Investors to Real-Value Gems
• Finnhub (market data) — market data
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 13, 18:00 UTC; report generated Oct 13, 18:00 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.