Please try another search
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.
The wheat ETF had its biggest monthly volume ever in February.
Sugar formed a monthly swing low and also had a big increase in volume.
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.
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.
Homeownership is the quintessential American dream, but it’s become increasingly elusive for many households. A multitude of factors, including soaring home prices, elevated...
Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over...
Gold XAU/USD: Gold trades in a sideways consolidation to ease severely overbought conditions exactly as predicted a week ago. It is perfectly normal after a swift move higher, but...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other 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, don’t trash it.
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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.