Commodity Trading Range Charts

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. When the price moves above or below this trading range, the commodity is considered overbought or oversold.

After a pullback from $110 to $100, oil is now trading at $104, which is just above the middle of its trading range. Natural gas declined sharply on the commodity pullback a couple of weeks ago, but it has since moved higher and is almost back to new highs. Declines in silver, platinum, wheat and copper left prices right in the middle of their trading ranges, while declines in gold and coffee put them close to oversold territory. Corn has actually moved back to new highs and is now trading above the top of its trading range.

Comments

[NI123]

I love these charts. Keep up the good work.