Neeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed help! Read the following paragraph please!?

This is a method of forecasting future price movements of a financial instrument based on economic, political, environmental and other relevant factors and statistics that will affect the basic supply and demand of whatever underlies the financial instrument.

what do "supply and demand of whatever underlies the financial instrument" and "environmental" mean in the context?

does the former mean the supply and demand of the financial instrument?

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