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Bullish Extension

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Heading North

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(M1) Needle Still Points North

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(N1) Bullish Conditions Remains Intact

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Extends Lower With Bears In Charge

     WASHINGTON (MNI) - The following are highlights of forecasts for 
upcoming U.S. economic indicators provided by Bloomberg estimates. The comment
section presents the key elements behind the median forecasts. 
     October Housing Starts & Building Permits (millions)                   
Tuesday, November 19th at 8:30 a.m. ET                     Actual:        
                     Median                              Oct19  Sep19  Aug19
Starts                1.320                               --    1.256  1.386
Permits               1.387                               --    1.387  1.425
        Comments: Housing Starts & Building Permits are expected to remain
relatively steady at 1.320 million starts and 1.387 million permits.
     Nov Philadelphia Fed Manufacturing Index (index)
Thursday, November 21st at 8:30 a.m. ET                     Actual:        
               Median                                    Nov19  Oct19  Sep19 
Index           6.0                                       --     5.6   12.0
        Comments: The Philadelphia Fed Manufacturing Index is expected to
continue climbing to 7.0 from 5.6 in October. The October reading was a drop
from three consecutive months of larger readings, but looks to be rebounding
slowly. 
     Weekly Jobless Claims (thousands)
Thursday, November 21st at 8:30 a.m. ET                     Actual:        
               Median                                    Nov16   Nov9   Nov2
Claims          215k                                       --    225k   211k
        Comments: Claims are expected to return to the normal average of 215,000
after two weeks of fluctuations. 
     October Existing Home Sales (millions)
Thursday, November 21st at 10:00 a.m. ET                   Actual:        
                      Median                            Oct19  Sep19  Aug19   
PPI                    5.49                               --    5.38   5.49 
        Comments: The October existing home sales and anticipated to return to
5.49m, rebounding from September to reach the same reading seen in August. 
     October Leading Indicators(percent change)
Thursday, November 21st at 10:00 a.m. ET                   Actual:        
                          Median                        Oct19  Sep19  Aug19
Indicators                -0.2                           --     -0.1   0.0
        Comments: The Leading Indicators reading is expected to jump to an
October reading of -0.2%.
     November Markit Manufacturing Index (index)
Friday, November 22nd at 9:45 a.m. ET                       Actual:        
                          Median                         Nov19  Oct19 Sep19
Index                      51.4                           --     51.3  51.5     
                                   
        Comments: The Markit Manufacturing Index is expected to tick up slightly
to 51.4 in November after 51.3 in October. 
     November Markit Services Index (index)
Friday, November 22nd at 9:45 a.m. ET                        Actual:        
                          Median                          Nov19  Oct19 Sep19
Index                      51.0                            --    50.6   50.9
        Comments: Similarly, the Markit Services Index is expected to rise to
51.2 in November from 50.6 in October. 
     Nov Final Michigan Sentiment Index--Final (index)
Friday, November 22nd at 10:00 a.m. ET                       Actual:        
                          Median                          Nov19  Oct19 Sep19
Inventories                95.7                            --    95.5   93.2
        Comments: The Michigan Sentiment Index is expected to increase by 0.3pp
to 95.8 in November from 95.5 in October. 
     Nov Kansas City Fed Manufacturing Index (index)
Friday, November 22nd at 11:00 a.m. ET                       Actual:        
                          Median                          Nov19  Oct19 Sep19
Inventories                 -2                               --     -3    -2
        Comments: The Kansas City Fed Manufacturing Index is expected to rise to
-2 in November after a -3 reading in October. 
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE,M$U$$$]