Commodities ETFs have been on a tear lately. Below is a snapshot from our Trend Analyzer tool. For each ETF, the dot in the trading range section represents where it’s currently trading within its range, while the tail end represents where it was trading one week ago. As shown, a number of commodities ETFs have now moved up into overbought territory, with USO (oil) and DBC (broad commodities) the most overbought.
While some commodities ETFs remain below their 50-day moving averages, they’re all up over the last week. Year-to-date, oil is up the most with a gain of 12%, while coffee (JO) is down the most at 8.4%.
After viewing general trend and timing measures for commodities ETFs in our Trend Analyzer, we can dive deeper by viewing price charts of them in our popular Chart Scanner tool. Our Chart Scanner lets users browse through charts across asset classes quickly and easily. When you see a chart you like, click on it once to tag it as bullish. When you see a chart you don’t like, simply click on it twice to tag it as bearish. Below is a snapshot of nine commodities ETFs taken from our Chart Scanner. We’ve marked a few commodities ETFs as bullish because they’ve recently broken out to new one-year highs. The three that are marked are DBC, DBE, and DBO. If you had done this in our Chart Scanner, these three charts would now show up in your “Bullish” section under the “My Charts” tab.