Commodities update: SLV ETF falls 4.99% as of Oct 14, 15:01 UTC

Where prices stand

The SLV ETF, which tracks Silver, is at $50.82 and fell 4.99% from the prior close; the UNG ETF, which tracks Natural Gas, is at $11.02 and fell 3.42% from the prior close; the GLD ETF, which tracks Gold, is at $375.22 and fell 1.69% from the prior close; the CPER ETF, which tracks Copper, is at $40.16 and fell 0.72% from the prior close; the BNO ETF, which tracks Brent Crude, is at $65.03 and fell 0.11% from the prior close; the USO ETF, which tracks WTI Crude Oil, is at $153.77 and rose 0.44% from the prior close as of Oct 14, 15:01 UTC.

Trend check

WTI Crude Oil shows a neutral status 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 reported "US consumer prices accelerate in September on costlier gasoline; core CPI firmer" and Reuters also published "Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit." economictimes.indiatimes.com ran "Gold drops over 1% as hot US inflation data boosts Fed hike bets" and Forexlive published "investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI."

• US consumer prices accelerate in September on costlier gasoline; core CPI firmer — Reuters, Oct 14, 13:12 UTC
• Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit — Reuters, Oct 14, 12:20 UTC
• Gold drops over 1% as hot US inflation data boosts Fed hike bets — economictimes.indiatimes.com, Oct 14, 13:30 UTC
• investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI — Forexlive, Oct 14, 11:24 UTC

What to watch

Retail sales (Census) is scheduled Thu Oct 15 (time not confirmed). The release is a US macro item listed as high importance by fred, and it is the sole upcoming macro release on the near-term calendar. The event entry includes no consensus or actual values in the schedule.

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

Sources and data

• Reuters (secondary source) — US consumer prices accelerate in September on costlier gasoline; core CPI firmer
• economictimes.indiatimes.com (secondary source) — Gold drops over 1% as hot US inflation data boosts Fed hike bets
• Forexlive (secondary source) — investingLive European news wrap: Markets trim gains as oil prices rise ahead of US CPI
• 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, 15:01 UTC; report generated Oct 14, 15:01 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.