Bespoke’s Commodity Snapshot
Sunday, February 21st, 2010
Hickey and Walters (Bespoke) submit:
Below we highlight our trading range charts for ten major commodities. For each commodity, the green shading represents between two standard deviations above and below its 50-day moving average. Moves above or below the green shading are considered to be overbought or oversold.
As shown, oil and natural gas are once again moving in the opposite direction of each other. Oil is currently at the top of its trading range, while natural gas is at the bottom.
