Bespoke's Commodity Snapshot (12/4/08)

Below we highlight our trading range charts of ten major commodities. The green shading represents two standard deviations above and below the commodity's 50-day moving average. As shown, oil continues its epic collapse along with most other commodities. Natural Gas hit new lows today as well and even had a 5 handle for awhile. Gold is really the only commodity holding up at all, although it continues in a downtrend.

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Comments

[Pipo:]

Biggest weekly drop in OIL since the Persian Gulf War in 1991.

Read the story at:

www.oiltradersblog.blo...

2008 Dec 05 06:59 PM