April 5, 2012
With oil, gold and silver getting hit hard today, below we highlight our trading range charts for ten major commodities. In each chart, the green shading represents between two standard deviations above and below the commodity's 50-day moving average. Moves to the top of or above the green zone are considered overbought, while moves to the bottom or below the green zone are considered oversold.
As shown, natural gas, gold, silver, platinum and orange juice are all now at or below their trading ranges. Copper and corn are actually at the top of their ranges, while wheat and oil are just about neutral.
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