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Hickey and Walters (Bespoke) submit: Below we highlight the price and trading areas of nine major commodities. The green shading represents two standard deviations above and below the commodity's 50-day moving average. When the price approaches or trades outside of this area, it is considered overbought or oversold.

Currently, oil is the only commodity trading at overbought levels. Metals and coffee are trading within their trading areas, and orange juice and corn are attempting to stabilize after recent declines.

click to enlarge
oil gas

gold silver

platinum copper

OJ Coffee


Source: Commodity Trading Ranges: Oil Overbought, Natural Gas Oversold