IGE Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Lower implied volatility at higher strikes suggests confidence. Rising commodity prices and economic recovery may support prices.




Bearish Case: High near-term volatility at lower strikes reflects uncertainty. Geopolitical tensions and green energy shift pose risks.




Potential Outcomes:
  • 30% chance of 10% gain if demand rises.
  • 45% chance of flat returns with stabilization.
  • 25% chance of 10% drop from geopolitical issues.



April 26, 2025


BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources Forecast

IGE        BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources











Correlated Assets

Assets that tend to move strongly with IGE



IMO Forecast + Options Trading Strategies   IMO  Imperial Oil (0.67)


LIT Forecast + Options Trading Strategies   LIT  Global X Lithium & Battery Tech (0.66)


WCC Forecast + Options Trading Strategies   WCC  Wesco International (0.64)


TTI Forecast + Options Trading Strategies   TTI  Tetra Technologies (0.64)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (0.64)



Uncorrelated Assets

Assets with little price relationship to IGE



BYRN Forecast + Options Trading Strategies   BYRN  Byrna (0.0)


FE Forecast + Options Trading Strategies   FE  Firstenergy (-0.0)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (-0.0)


BB Forecast + Options Trading Strategies   BB  BlackBerry (-0.01)


PPL Forecast + Options Trading Strategies   PPL  PPL (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against IGE



UDN Forecast + Options Trading Strategies   UDN  Invesco DB US Dollar Index Bearish (-0.28)


SPDN Forecast + Options Trading Strategies   SPDN  Direxion Daily S&P 500 Bear 1X Shares (-0.3)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.35)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.44)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.44)









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