FYI: Our new interactive ETF Trends tool lets investors monitor ETFs across asset classes from a trend and timing perspective. Ten days ago on December 8th, we noted that a number of commodity ETFs had moved into extremely oversold territory. A snapshot of these oversold levels is shown below from the 8th.
Since then we’ve seen an upside mean reversion trade for those commodity ETFs that had gotten oversold. While most of them are still oversold as of today, they have rallied higher from their recent depths. At the same time, the few commodity ETFs that were on the overbought side have moved down into neutral territory.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/commodities-etfs-bounce-back-from-oversold-levels/
