Futures markets are all about anticipating the direction that prices for the underlying instrument will take at certain specific points of time in the future, and each has spawned its own cottage industry of analysts who perform that task. Price forecasting can be for periods as near as 30-60 days ahead and/or much more distant timeframes such as six, nine or 12 months out. Most futures market analysts try to assess market fundamentals, the relationship between available supplies and the likely demand. They do so by evaluating whether supplies will be more than enough to fill anticipated demand or whether demand will be at such a level that supplies become tight or even exhausted. In other words, will supply or demand be the dominant facto...

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