Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
John Bozanich
Nov 14, 2022 3:30PM ET
yupp, that's what's up..
0
0
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
ETF Focus: Commodities
www.investing.com/analysis/etf-focus-commodities-200632285
ETF Focus: Commodities
By Tim Knight | Nov 13, 2022 12:52AM ET Let’s look at a few commodity ETFs together. In general, they have remained in an uptrend for two years. This channel needs to break in order for commodities to start a downtrend, which is going to require oil to lead the way (which it hasn’t).
Precious metal miners have been on a tear for a few weeks, but the easy part of the ascent is over.
What will dictate this, of course, is what gold itself does. I have been surprised how strong gold has been ever since it (barely) broken its ascending trendline, but as with the miners, the easy part of the push higher has been complete, and now there’s way more overhead supply. The dollar has massively overbought, but a collapse in the DXY recently is what compelled gold prices higher.
The argument for the cessation of the precious metals ascent is strengthened by silver, which is facing two major barriers in the form of a long-term broken trendline and a large right triangle top.
As for energy, this beast is unstoppable. If you were at the Biden inauguration and were asked what the strongest equity sector would be, I doubt you would have answered the oil companies, but they have been absolutely thriving in this supposedly left-wing political environment. Incredibly, XLE was at never-before-seen highs on Friday.
Related Articles
What Are Deep-Value ETFs Telling Us About Global Stock Market...
By James Picerno - Jan 31, 2023
The energy sector has been red hot for much of the past year, but there are still pockets in this corner that remain battered, at least in relative terms. Notably, oil and gas...
Growth Potential of China ETFs
By ETF Central - Jan 31, 2023
China’s economy stalled last year amidst strict lockdowns related to Zero-Covid policies, in addition to an ailing property market. This weighed on Chinese stocks, with the...
ETF and Mutual Fund Investors Pad the Coffers of Taxable and...
By Tom Roseen - Jan 13, 2023
Investors were net purchasers of fund assets (including those of conventional funds and ETFs) for the third week in a row, injecting a net $2.3 billion for the Refinitiv Lipper...
ETF Focus: Commodities
Comments (1)
Add Chart to Comment
Confirm Block
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.
Report this comment
I feel that this comment is:
Comment flagged
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.