This Week's Commodity Snapshot
-
Font Size:
Even after oil's $8 pullback in two days, the long-term uptrend line for the commodity hasn't been tested. For oil to test the bottom of its uptrend, it needs to get down to the $132-$133 range. Until then, talk of a "bubble" bursting is pointless.
Along with oil, most other commodities have seen pretty big declines in the last two days. Based on their trading range charts shown below, the declines in copper, coffee and corn seem to be the most extreme. However, none of the ten commodities shown below are even trading in oversold territory after this week's selloff.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Bespoke Investment Group
About the author:- Bios & more articles
- Bespoke's blog: Think B.I.G.
- Market Research: Bespoke Premium
- Bespoke Money Management
- Bespoke Institutional
- Contact Bespoke
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Hedge Fund Manager's Notebook: Blood on the Streets - Buy Russia
- Reevaluating Coal
- Interview with Jim Rogers, Part II: China as World’s Best Long-Term Profit Play
- How You Can Invest in the Pickens Plan
- The Twin I-Beams of Investment Success
- On SLV's 10-for-1 Split: It's All About Liquidity
- Full list of Editor's Picks »
- The Disconnect Between Supply and Demand in Gold & Silver Markets »
- The Great Consumer Crash of 2009 »
- Cramer Continues to Dig a Sirius Hole for Himself »
- Petrobras: Buy and Sit Tight Like Soros »
- 5 Impressive Stocks in This Difficult Market »
- Wall Street Breakfast: Must-Know News »
- Apple: Great Company with Lofty Valuation - Due for Pullback »
- Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom »
- Four Brazilian Profit Plays »
- Time To Gradually Reaccumulate Energy Stocks - And Gold »
- Solarfun Power Holdings: Expect a Rally from Key Support »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Lehman Upgrade? - Fast Money Midday Recap (8/21/08)
- Kirkland Lake Gold: Buried Potential
- Seven High-Priced Stock Values
- Support for Freddie - Fast Money Recap (8/20/08)
- Why Thornburg Mortgage Will Survive
- How You Can Invest in the Pickens Plan
- Silver ETF Bull Market Remains Intact
- Making Sense of Fortuna Silver's Recent PPS Action
- Five Struggling Dividend Stocks I'm Still Bullish On
- Four Unique Oil Sands Plays You've Never Heard Of
- Full list of Long Ideas »
- Salesforce.com: It's All About the Guidance
- Three Casino Stocks Rolling Over
- New Web Site For Short Sellers: You Gotta Love Capitalism
- Commodity Carnage: Where to Turn Next?
- Fannie and Freddie Shareholders Run for the Exit
- Goldman: Readying Short Position Initiation Sequence
- Apple: Great Company with Lofty Valuation - Due for Pullback
- Russia's Too Risky - Barron's
- Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's
- Pilgrim's Pride: The Weakest Link in the Food Chain
- Full list of Short Ideas »
- Alarming Negativity - Cramer's Mad Midday (8/21/08)
- Hershey vs. Cadbury - Cramer's Mad Money (8/20/08)
- Cheap Oil Related Stocks - Cramer's Lightning Round (8/20/08)
- Real Buys - Cramer's Mad Midday (8/20/08)
- Coke vs. Pepsi - Cramer's Mad Money (8/19/08)
- Clean Energy - Cramer's Lightning Round (8/19/08)
- Still Growing - Cramer's Mad Midday (8/19/08)
- Which Stock to Pick - Cramer's Mad Money (8/18/08)
- Buy Weyerhauser - Cramer's Lightning Round (8/18/08)
- The Price of Oil - Cramer's Mad Money (8/18/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »