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Monday
May172010

A Tale of Three Commodities

DateMonday, May 17, 2010 at 05:09PM

As we've seen recently, the different parts of the broad "commodities" asset class can move in very different directions at times.  Below we provide our trading range charts for an agriculture commodity ETF (DBA), an oil ETN (OIL), and the gold trust (GLD).  As shown, agriculture and energy are extremely oversold at the moment, while gold (along with other precious metals) is overbought.

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