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Commodities Briefing - Categorized | Market Moves, Trading more

Bespoke’s commodity snapshot

Posted on 05 May 2011

Below we highlight our trading range charts of ten major commodities. For each chart, the green shading represents between two standard deviations above and below the commodity’s 50-day moving average. Moves above or below the green zone are considered significanly overbought or oversold.

The big commodity move so far this week has been in the silver market, where the metal has fallen from $50 to $40 over the past three days. As shown in its trading range chart, silver is still closer to the top end of its range than the bottom, which highlights just how overbought silver had gotten……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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