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Saturday
Sep242011

Bespoke's Commodity Snapshot

Commodities took a major hit last week, so below we have updated our trading range charts for ten of the most widely followed ones.  For each chart, the green shading represents between two standard deviations above and below the commodity's 50-day moving average.  At the moment, none of the commodities shown are anywhere close to the top of their trading ranges, and most are extremely oversold.  While gold got most of the attention for its ~10% decline, silver, platinum and copper are the ones that really fell out of bed.  All three basically crashed over the past few days.

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