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Bespoke's Commodity Snapshot

Below is an updated look at our trading range charts for ten major commodities.  In each chart, the green shading represents between two standard deviations above and below the 50-day moving average.  Moves to the top of or above the green zone are considered overbought, while moves to the bottom of or below are considered oversold.

Of the ten commodities shown, only orange juice is currently at the top of its trading range.  Coffee, wheat, corn, natural gas, oil and gold are all at or near the bottom of their trading ranges.  Silver, platinum and copper are right in the middle.  Most commodities have now been in sideways trading patterns for the last few months now, with the exception of natural gas, which is clinging to an uptrend.  Coffee and oil are the two commodities in downtrends.

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