Bespoke's Commodity Snapshot

Even after a pullback in portions of the commodity sector over the last couple of weeks, most are still up year to date. As shown below, copper is up the most with a gain of 63.58%, and oil is not far behind at +60.85%. Platinum, silver, orange juice, coffee, and gold are the other commodities that are up year to date. Corn is down 5.76%, wheat is down 11%, and natural gas is still down the most at -26.98%.

Below we provide trading range charts of the ten commodities listed above. The green shading represents between two standard deviations above and below the 50-day moving average. As shown, oil remains at the very top end of its range, while natural gas has recently moved to its top as well. Gold, silver, platinum, and copper have pulled back into neutral territory in recent weeks, while corn, wheat, orange juice, and coffee have seen significant declines.

Comments

[Sovestor:]

We like the post as reasonably informationall however we think author should have included the standard units or metrics (e.g.: oil is per barrel, gas is btu, etc....).

Jun 20 11:29 AM

[RiskReturnO...:]

DBA is best way to play the rebound the agr commodities, as each is trading at lower end of trading range ... but, be careful during period when "risk" is being "sold" ... monitor US dollar (UUP) and treasuries to confirm that risk is back on before jumping into DBA with force.

Jun 21 08:51 PM