
Mike McGlone|11月 26, 2025 12:29
Crude at $40, Gas $2, Copper $4, Corn $3.50 Could Be 2026 Paths - If crude oil, natural gas, copper and corn follow their long-term historical patterns, they're at risk of reverting toward $40 a barrel, $2 per MMBTU, $4 a pound and $3.50 a bushel in 2026. Copper's record run in 2025 may make it the least likely to return to its enduring pivot, but Bitcoin was in a similar uptrend until it wasn't. If the crypto has entered a bear market, as indicated by its falling 200-day moving average, what of other high-beta assets? Buried S&P 500 volatility has lots of room to rise in 2026.
Gold taking the alpha baton in 2025 alongside sliding crude evokes 2008-like inklings. If the US stock market has its third down year since 2008 in 2026, it could be all that matters. Gold may be the front-runner. Stock market resilience might be a prerequisite for copper and crude to rise.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6byubkgifpq {BI COMD}
#gold #crudeoil #bitcoin #stockmarket #commodities @BBGIntelligence(Mike McGlone)
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