Below is an updated look at our trading range charts for ten of the most widely followed commodities. For each chart, the green shading represents between two standard deviations above and below the 50-day moving average. Moves to the top of or above the green shading are considered overbought, while moves to the bottom or below the green shading are considered oversold.
There are no commodities in rally mode right now, and oil is the only one that's still holding onto a slight uptrend. From the precious metals to wheat to orange juice to coffee, everything is currently at the bottom of its trading range. Are we due for a reversal soon?
