Commodities Weekly Outlook Report
Commodities Weekly Outlook: Inflation Signals and Supply Dynamics Drive Volatility
Commodity markets remain highly reactive as investors reassess inflation trends, central bank policy expectations, and evolving supply–demand fundamentals. Movements in the US Dollar and Treasury yields continue to shape precious metals, while energy markets balance geopolitical risks against growing concerns about oversupply and demand moderation. With inflation data and global growth indicators in focus, volatility is likely to remain elevated across the commodities complex.
Gold Weekly Outlook: Precious metals stay exposed to shifts in overall market sentiment.
Gold continues to trade within a volatile but broadly supported range, holding near the $5,000 mark. Price action remains heavily influenced by shifting Federal Reserve expectations and US inflation trends.
While softer inflation readings have provided intermittent support, fluctuating Treasury yields and cautious risk sentiment have limited sustained upside momentum. Safe-haven demand remains a secondary but supportive factor amid geopolitical uncertainty.
Key Levels:
Resistance: $5,000 | $5,080
Support: $4,400 | $4,250
Silver (XAG/USD) Weekly Outlook: Volatility Elevated Amid Mixed Drivers
Silver remains more volatile than Gold, reflecting its dual role as both a precious and industrial metal. Recent price swings have been amplified by broader market liquidations and shifting macro expectations.
While easing inflation could support the metal through lower yield expectations, concerns over global growth continue to temper industrial demand optimism.
Key Levels:
Resistance: $79.20 | $92.00
Support: $66.90 | $59.45
Crude Oil (WTI) Weekly Outlook: Oversupply Concerns Cap Gains
WTI crude remains under pressure near the mid-$60s as supply-side concerns resurface. The International Energy Agency’s softer demand outlook, combined with rising US crude inventories, has reinforced fears of a near-term supply surplus.
Geopolitical tensions in the Middle East continue to provide intermittent support, though demand-side uncertainty limits sustained rallies.
Key Levels:
Resistance: $64.60 | $66.50
Support: $62.00 | $60.15
Natural Gas Weekly Outlook: Weather and Technical Levels in Focus
Natural gas prices remain sensitive to shifting weather forecasts and storage dynamics. Despite recent storage drawdowns, expectations for milder temperatures have weighed on prompt-month contracts.
Technically, price action remains constructive above longer-term moving averages, though near-term resistance continues to cap upside momentum.
Key Levels:
Resistance: $3.33 | $3.91
Support: $3.05 | $2.67
Overall View
Precious metals remain highly sensitive to US inflation data and Federal Reserve expectations, while energy markets are balancing supply growth against geopolitical uncertainty and demand risks. In the absence of a decisive macro catalyst, commodities are likely to trade within defined technical ranges, with volatility spikes around key economic releases and geopolitical developments.
Key Economic Events & Data Release Today:
(JPY) Japan GDP (QoQ) (Q4) (Monday)
(EUR) Germany CPI (MoM) (Jan) (Tuesday)
(NZD) New Zealand Interest Rate Decision (Wednesday)
(GBP) U.K Consumer Price Index (CPI) (YoY) (Jan) (Wednesday)
(USD) U.S. FOMC Meeting Minutes (Thursday)
(USD) U.S. Philadelphia Fed Manufacturing Index (Feb) (Thursday)
(USD) U.S. Initial Jobless Claims (Thursday)
(USD) U.S. Core PCE Price Index (MoM) (Dec) (Friday)
(USD) U.S. GDP (QoQ) (Q4) (Friday)
(USD) U.S. New Home Sales (Dec) (Friday)
(USD) U.S. CPI (MoM) (Jan) (Forecast 0.3%, Previous 0.3% at 19:00.
(USD) U.S. CPI (YoY) (Jan) (Forecast 0.3%, Previous 0.2% at 19:00.
