Most analysts targeting $75-85 consolidation near-term with longer-term forecasts extending to $90-150 by mid-2026 if supply deficit and China restrictions persist though CME intervention creates uncertainty and regulatory overhang capping near-term upside
Core
Defensive and fearful near-term given violent AI spending concerns selloff but acknowledging oversold technicals and upcoming March seasonal strength could provide recovery catalyst
Core
Cautiously neutral awaiting February catalysts with DeepSeek disruption concerns tempering seasonal optimism amid Fed hawkish December shock and elevated valuations
Core
Cautiously bearish expecting structural oversupply and weak Chinese demand to push prices toward $55-58 range over 2026 despite OPEC+ Q1 production freeze providing temporary support
Core
EUR range-bound near 1.19 as both Fed and ECB signal patience with modest consensus targets of 1.18-1.22 through Q2 2026 awaiting fresh catalysts from March dual central bank meetings
Core
Bullish medium-term with structural central bank support intact and Fed maintaining accommodative bias creating constructive backdrop for continuation toward $5200-5600 despite January profit-taking consolidation
Extended
Neutral to mildly bullish consolidation expected as February 5 BoE narrow 5-4 hold signals approaching end of easing cycle with USD weakness providing tailwind
Extended
USD/JPY consolidation with slight bearish JPY bias on persistent rate differentials; Takaichi election victory seen constraining BOJ normalization through political pressure
Extended
Copper rallied to record highs on supply concerns with elevated prices expected into 2026 but near-term consolidation likely as market digests extraordinary gains, China Q4 demand declining 8% YoY, and Shanghai speculation concerns
Extended
Small-caps positioned to extend outperformance following historic breakout with superior 17-22% earnings growth and Fed easing supporting continued rotation despite January 29 pause
Full Desk
Bearish consensus has complete dominance expecting continued weakness yet acknowledging potential for tactical bounces from extreme positioning and emerging Black Sea weather concerns with February seasonal patterns historically strong but completely ignored after 2025 failure
Full Desk
Constructive consolidation within structural bull market as extraordinary 2025 gains digest against 2026 balanced forecast, with February seasonal support providing near-term floor before next directional move