Commodity Price Forecast Based on Machine Learning: Returns up to 14.58% in 3 Months
Commodity Price Forecast
This Commodities Package is designed for investors who need commodity recommendations to find the best performing commodities in the industry. It includes 20 Commodity Price Forecast with bullish or bearish signals indicating which are the best to buy:
- Top 10 commodities for the long position
- Top 10 commodities for the short position
Package Name: Commodities
Recommended Positions: Short
Forecast Length: 3 Months (6/3/24 – 9/3/24)
I Know First Average: 6.48%
9 out of 10 top stock picks from the algorithm decreased as predicted for this 3 Months forecasting period. ^BCOMNG2 saw monumental price change of 14.58% in just 3 Months. ^BCOMCN2 and ^BCOMHO also had excellent performances with returns of 12.18% and 9.05% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period. The package had an overall average return of 6.48%.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
How to interpret this diagram
Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.