Commodities update Oct 21: Natural Gas ETF leads losses

Where prices stand

The UNG ETF, which tracks Natural Gas, was $10.06 and fell 4.19% from the prior close, the largest move among tracked commodities. The CPER ETF, which tracks Copper, was $39.46 and fell 0.73% from the prior close; the USO ETF, which tracks WTI Crude Oil, was $159.60 and fell 0.63% from the prior close; the SLV ETF, which tracks Silver, was $51.93 and fell 0.36% from the prior close; the BNO ETF, which tracks Brent Crude, was $66.77 and fell 0.15% from the prior close; the GLD ETF, which tracks Gold, was $378.36 and rose 0.19% from the prior close. Prices are as of Oct 21, 14:15 UTC.

Trend check

MarketAlleys' trend signals show WTI Crude Oil as bullish with RSI(14) 58.5; its close 101.91 is above the SMA50 92.59 and the long SMA 85.49. Brent Crude and Natural Gas are neutral with RSI(14) 57.4 and 59.4 respectively; Brent's close 126.55 is above SMA50 108.55 and long SMA 94.68, while Natural Gas's close 3.2200 lies between SMA50 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 reported that Saudi crude oil exports hit a five-month high in August. Reuters also reported that Indian Oil plans to trim Middle East oil imports under annual deals amid the Iran war; sana.sy published the headline “Gold falls for fourth session as oil rally fuels inflation concerns”; thehindubusinessline.com reported the rupee jumped 0 . 5 % to 94 . 46 / $ on Jio IPO-linked inflows.

• Saudi crude oil exports hit five-month high in August, data shows — Reuters, Oct 21, 12:17 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)
• Indian Oil to trim Middle East oil imports under annual deals amid Iran war — Reuters, Oct 21, 08:46 UTC
• Rupee jumps 0 . 5 % to 94 . 46 / $ on Jio IPO - linked inflows ; elevated oil prices spur caution — thehindubusinessline.com, Oct 21, 12:45 UTC

Sources and data

• Reuters (secondary source) — Saudi crude oil exports hit five-month high in August, data shows
• sana.sy (secondary source) — Gold falls for fourth session as oil rally fuels inflation concerns
• thehindubusinessline.com (secondary source) — Rupee jumps 0 . 5 % to 94 . 46 / $ on Jio IPO - linked inflows ; elevated oil prices spur caution
• 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, 14:15 UTC; report generated Oct 21, 14:20 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.