Commodity Snapshot

Posted by Bespoke Investment Group

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Below we highlight our trading range charts of ten major commodities. For each chart, the green shading represents between two standard deviations above and below the 50-day moving average. Moves above or below the green shading are considered extremely overbought or oversold.

Commodities have taken a back seat to stocks in recent weeks. As equities charge higher, commodities have mostly traded sideways. The only commodity shown that appears to be in a strong uptrend is platinum. While platinum has been strong, gold and silver have been trending lower. The auto industry has been strengthening lately, which could be a reason why platinum is outperforming the other precious metals (platinum is used in catalytic converters).

Of all the commodities, natural gas looks the worst. It is in a steep downtrend and is trading right at the bottom of its range. Is natural gas due for a bounce?

Finally, agriculture commodities like corn and wheat have really been performing horribly lately. Both are in nasty downtrends. (Click HERE to view larger charts)





Think B.I.G., by Bespoke Investment Group, provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium ( subscription service and also manages money ( for high net worth individuals.

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