The most overbought and oversold commodities around the world
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Silver (NYSEARCA:SLV) is the most overbought global commodity, up 21% from its 200-day moving average.
Here is the full list of the most overbought and oversold global commodities, according to a BofA Securities global research note:
Most overbought:
Silver – Up 21% from its 200-day moving average.
(SLV), (SIVR), (AGQ), (ZSL), (PSLV), (SIL), (SILJ), (SLVP)
Gold – Up 15.7% from its 200-day moving average.
(GLD), (IAU), (SGOL), (OUNZ), (BAR), (GDX), (GDXJ), (NUGT), (RING), (DUST)
Platinum – Up 6.3% from its 200-day moving average.
(PPLT), (PLTM)
Natural gas – Up 6.1% from its 200-day moving average.
(UNG), (BOIL), (UNL)
Copper – Up 1.9% from its 200-day moving average.
(COPX), (CPER), (COPJ)
Most oversold:
Iron Ore – Down 10.5% from its 200-day moving average.
[Not covered specifically]
WTI Crude Oil – Down 8.7 from its 200-day moving average.
(QUSOI), (QUSOID)
Brent Crude Oil – Down 8.2% from its 200-day moving average.
(BNO), (BRTU)
Other metal and mining ETFs:
- SPDR S&P Metals & Mining ETF (XME)
- iShares MSCI Global Metals & Mining Producers ETF (PICK)
- VanEck Rare Earth and Strategic Metals ETF (REMX)
- VanEck Green Metals ETF (GMET)
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