Metals and agriculture continue to soar, and our trading range charts below indicate that they are currently trading at extreme overbought territory. The green area in each chart below represents two standard deviations above and below the commodity's 50-day moving average. As shown, Natural Gas, Silver, Platinum, Copper, Coffee and Wheat are all trading at or above the top of the green zone.
While prices can remain at overbought levels like this in the short term, the risk/reward trade-off for buying at these levels leans towards the risk side.
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