IGE Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Growing demand for natural resources, supported by positive economic indicators and lower implied volatility, suggests IGE could see upward price movement, with a potential target of $50 within the next six months.




Bearish Case: Increasing geopolitical tensions and rising interest rates may pressure natural resource prices, potentially driving IGE down to the $42 mark, especially with high near-term implied volatilities indicating market uncertainty.




Potential Outcomes:
  • 30% chance of a 10% gain driven by strong economic indicators.
  • 40% chance of flat returns as the market stabilizes.
  • 20% chance of a 10% drop due to geopolitical risks.
  • 10% chance of a sharp 15% decline if negative economic data emerges.




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November 26, 2024


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

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











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Uncorrelated Assets

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ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.0)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (0.01)


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Anticorrelated Assets

Assets that tend to move strongly against IGE



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FLGT Forecast + Options Trading Strategies   FLGT  Fulgent Genetics (-0.7)


IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.71)


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


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.95)









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