Commodities update: Natural Gas leads losses, crude mixed

Where prices stand

Natural Gas led moves: the UNG ETF traded at $10.08 and fell 4.00% from the prior close. Copper followed, with the CPER ETF at $39.44, down 0.78% from the prior close. Silver's SLV ETF was at $51.93 and fell 0.36% from the prior close. The USO ETF traded at $160.14 and fell 0.29% from the prior close. Gold's GLD ETF was at $378.59 and rose 0.25% from the prior close, while the BNO ETF traded at $67.04 and rose 0.25% from the prior close. The UUP ETF was at $28.94 and rose 0.14% from the prior close. Prices are as of Oct 21, 15:00 UTC, with market data from Finnhub.

Trend check

According to Finnhub trend signals, WTI Crude Oil is bullish with RSI(14) 58.5; close 101.91, SMA50 92.59 and longSma 85.49. Brent Crude is neutral with RSI(14) 57.4; close 126.55, SMA50 108.55 and longSma 94.68. Natural Gas is neutral with RSI(14) 59.4; close 3.2200, SMA50 2.9148 and longSma 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 published a commentary titled "COMMENTARY: China uses crude stockpiles, but rising oil imports may curtail draws" (Oct 21, 12:36 UTC), ran "Saudi crude oil exports hit five-month high in August, data shows" (Oct 21, 12:17 UTC) and an exclusive headlined "EXCLUSIVE: US aims to loan about a third of heating oil reserve in bid to tame prices" (Oct 21, 10:09 UTC). Sana.sy published "Gold falls for fourth session as oil rally fuels inflation concerns" (Oct 21, 10:00 UTC); that item was also reported by thestar.com.my and english.aawsat.com.

• 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 falls for fourth session as oil rally fuels inflation concerns — sana.sy, Oct 21, 10:00 UTC (also reported by thestar.com.my, english.aawsat.com)

Sources and data

• Reuters (secondary source) — COMMENTARY: China uses crude stockpiles, but rising oil imports may curtail draws
• sana.sy (secondary source) — Gold falls for fourth session as oil rally fuels inflation concerns
• 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, 15:00 UTC; report generated Oct 21, 15:00 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.