We have updated our privacy policy and terms & conditions. Find out more here.
0
 

Commodities Rising Across The Board

By  |  Commodities  |  Mar 03, 2014 05:53AM GMT  |   Add a Comment
 
AA
+
-

Commodities continue to strengthen across the board.  Over 60% of the commodity tracking ETFs below are now in a Stage 1 base or a Stage 2 uptrend.  Precious metals have gold, silver, and platinum all in Stage 1 bases while palladium is in a Stage 2 uptrend.

Stage Analysis

Ticker Stage Weeks
SLV 1 2
PPLT 1 2
SOYB 1 2
GCC 1 3
GLD 1 3
OIL 1 3
PALL 2 2
JO 2 2
UGA 2 2
UNG 2 11
CHOC 2 29
NLR 2 43
JJC 4 5
KOL 4 9
SGG 4 14
REMX 4 18
CORN 4 58
WEAT 4 62
Totals
Stage 1 33.4%
Stage 2 33.4%
Stage 3 0.0%
Stage 4 33.4%

Soft commodities have been one of the weaker parts of the commodities complex, but check out what happened to some of the soft commodity tracking ETFs in February. The corn ETF had a massive increase in volume for the month and has formed a monthly swing low.

Corn
Corn

The wheat ETF had its biggest monthly volume ever in February.

Wheat
Wheat

Sugar formed a monthly swing low and also had a big increase in volume.

SGG
SGG

Coffee is one of the hottest markets of 2014.  Coffee has already erased all it’s losses of 2013 in 2 months, and has seen a massive increase in volume coming off of the bear market low.

JO
JO

If sugar, corn, and wheat continue to rally in March, almost the entire commodities complex will be in a bull market.  There’s still a lot of disinterest in this space as well which is the ideal setup for a new bull market to form.

Disclaimer: The views and opinions expressed are for informational purposes only, and should not be considered as investment advice. Please see the disclaimer.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Platinum
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg