Bespoke's Commodity Snapshot

The stock market is up about 65% since the 3/9/09 low, but oil has actually outperformed stocks over this time period with a gain of 72.64%.  Below we highlight the performance of ten major commodities over the last year.  As shown, copper is up the most with a gain of 108%, while orange juice ranks second with a gain of 101%.  Of the three main precious metals, platinum is up the most at 50%, followed by silver at +33.73%, and then gold at +22.16%.  Even natural gas is up since the March 9th, 2009 low with a gain of 16%.  Wheat and corn are the only commodities shown that are down over the last year.  Corn is down 11%, while wheat is down 18.27%.

Below are our one-year trading range charts of the ten commodities highlighted above.  For each chart, the green shading represents between two standard deviations above and below the commodity's 50-day moving average.  Moves above or below the green shading are considered overbought or oversold.