COM Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Potential bullish sentiment arises from increased demand for commodities spurred by easing geopolitical tensions, alongside low volatility levels that could indicate market normalization and price recovery.




Bearish Case: A bearish scenario may unfold due to persistent economic headwinds, reflected by high implied volatility levels and historical returns displaying a tendency for negative outcomes over sustained periods.




Potential Outcomes:

1. 40% chance of moderate price increase (1.5%-5%) due to demand recovery.

2. 35% chance of stagnation (flat) as uncertainty continues.

3. 25% chance of a steep decline (>5%) driven by economic shocks.




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November 19, 2024


Direxion Auspice Broad Commodity Strategy Forecast

COM        Direxion Auspice Broad Commodity Strategy











Correlated Assets

Assets that tend to move strongly with COM



TGB Forecast + Options Trading Strategies   TGB  Taseko Mines (0.87)


MU Forecast + Options Trading Strategies   MU  Micron Technology (0.8)


HBM Forecast + Options Trading Strategies   HBM  Hudbay Minerals (0.79)


CADL Forecast + Options Trading Strategies   CADL  Candel Therapeutics (0.76)


AA Forecast + Options Trading Strategies   AA  Alcoa (0.75)



Uncorrelated Assets

Assets with little price relationship to COM



NCNO Forecast + Options Trading Strategies   NCNO  Ncino (0.0)


RIG Forecast + Options Trading Strategies   RIG  Transocean (0.0)


RIO Forecast + Options Trading Strategies   RIO  Rio Tinto (0.01)


IBB Forecast + Options Trading Strategies   IBB  BlackRock Institutional Trust Company N.A. - iShares Biotechnology (0.01)


DHI Forecast + Options Trading Strategies   DHI  D.R. Horton (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against COM



YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.7)


ADBE Forecast + Options Trading Strategies   ADBE  Adobe (-0.73)


JAZZ Forecast + Options Trading Strategies   JAZZ  Jazz Pharmaceuticals (-0.74)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.77)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.81)









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