Bespoke's Commodity Snapshot (12/23/08)

Below we provide our trading range charts of 10 major commodities. The green shading represents between two standard deviations above and below the commodity's 50-day moving average. Oil and natural gas still remain oversold, while gold remains overbought. Gold has sold off the last few times it has traded at these levels. Although they haven't had big rallies, silver, platinum, and wheat have all broken long-term downtrends that they had been in for some time.

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