Oil, Gold, and Platinum Trending Up

Includes: DBC, GSG
by: Bespoke Investment Group

It's been a couple of weeks since we last did our commodity snapshot, so we have updated our trading area charts below. As the charts show, Wheat and Coffee have declined the most after hitting very overbought levels over the past few months. Corn, Copper, Silver and Natural Gas remain range bound, while Oil, Gold and Platinum are in nice uptrends. Until those uptrends break, the momentum favors the bulls.