News and analysis of energy stocks. No buy or sell recommendations.

Visit SeekingAlpha Energy Stocks

Bespoke's Commodity Snapshot (6/25/08)

Posted on June 25, 2008

Below we highlight our trading range charts of ten major commodities. The green shading represents two standard deviations above and below the commodity's 50-day moving average, and moves out of this area to the upside or downside mean the price is overbought or oversold. As shown, oil and natural gas continue to trade right along the top of their trading ranges. It has now been 13 days since oil has made a new closing high, which seems like an eternity with the action in crude prices lately. Is the prolonged consolidation just a spring loading up for its next spike higher, or is there ...

Original article link


crude , gas , overbought , oversold , trading