Commodities update — Natural Gas leads declines

Where prices stand

The UNG ETF, which tracks Natural Gas, fell 3.81% from the prior close to $10.10, the largest move among tracked commodities; the USO ETF, which tracks WTI Crude Oil, fell 1.25% from the prior close to $158.61; the BNO ETF, which tracks Brent Crude, fell 0.57% from the prior close to $66.49; the CPER ETF, which tracks Copper, fell 0.58% from the prior close to $39.52; the GLD ETF, which tracks Gold, rose 0.28% from the prior close to $378.69; and the SLV ETF, which tracks Silver, fell 0.25% from the prior close to $51.99, as of Oct 21, 16:00 UTC.

Trend check

WTI Crude Oil is bullish with RSI(14) 58.5; its most recent close is 101.91, above the 50-day 92.59 and long SMA 85.49. Brent Crude is neutral with RSI(14) 57.4 and a most recent close of 126.55 versus the 50-day 108.55 and long SMA 94.68. Natural Gas is neutral with RSI(14) 59.4 and a most recent close of 3.2200 against the 50-day 2.9148 and long SMA 3.4811.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 20, 22:40 UTC); it is not a recommendation.

In the news

Reuters ran a commentary titled "China uses crude stockpiles, but rising oil imports may curtail draws" and separately reported that Saudi crude oil exports hit a five-month high in August. Reuters also published an exclusive saying the US aims to loan about a third of the heating oil reserve, and freepressjournal.in reported that "Gold And Silver Prices Fall In Delhi As Rupee Appreciation And Elevated Crude Oil Weigh On Bullion."

• COMMENTARY: China uses crude stockpiles, but rising oil imports may curtail draws — Reuters, Oct 21, 12:36 UTC
• Saudi crude oil exports hit five-month high in August, data shows — Reuters, Oct 21, 12:17 UTC
• EXCLUSIVE: US aims to loan about a third of heating oil reserve in bid to tame prices — Reuters, Oct 21, 10:09 UTC
• Gold And Silver Prices Fall In Delhi As Rupee Appreciation And Elevated Crude Oil Weigh On Bullion — freepressjournal.in, Oct 21, 14:30 UTC

Sources and data

• Reuters (secondary source) — COMMENTARY: China uses crude stockpiles, but rising oil imports may curtail draws
• freepressjournal.in (secondary source) — Gold And Silver Prices Fall In Delhi As Rupee Appreciation And Elevated Crude Oil Weigh On Bullion
• Finnhub (market data) — market data
• Federal Reserve (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 21, 16:00 UTC; report generated Oct 21, 16:00 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.