Commodities Price Forecast Based on AI: Returns up to 7.13% in 3 Months
Commodities Price Forecast
This Commodities Price Forecast Package is designed for investors who need commodity recommendations to find the best performing commodities in the industry. It includes 4 Commodities Price Outlook with bullish or bearish signals indicating which are best to buy:
- Top 2 commodities for the long position
- Top 2 commodities for the short position
Package Name: Commodities
Recommended Positions: Long
Forecast Length: 3 Months (10/05/2018 – 01/05/2019)
I Know First Average: 7.07%
Several predictions in this long-term 3 Months forecast saw significant returns. The algorithm had correctly predicted 2 out 2 stock movements. XAU was the top performing prediction with a return of 7.13%. GLD saw outstanding return of 7.01%. The package had an overall average return of 7.07% during the period.
The Philadelphia Gold and Silver Index is an index of thirty precious metal mining companies that is traded on the Philadelphia Stock Exchange. The index is represented by the symbol “XAU”, which may be a source of some confusion as this symbol is also used under the ISO 4217 currency standard to denote one troy ounce of gold. The Philadelphia Gold and Silver Index and the NYSE Arca Gold BUGS Index (AMEX: HUI) are the two most watched gold indices on the market.
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 Commodity Forecast: The table on the left is the commodity forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 2 commodities in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant tickers have been included. The boxes are then 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.
