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Gold Is Now Overbought As Commodities Including Oil Become Oversold And The Dollar Tops Out

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4230681-gold-now-overbought-commodities-including-oil-become-oversold-dollar-tops




Dec. 30, 2018 9:19 AM

Summary

The Gold Shares ETF is trending above its "reversion to the mean" at $117.59 with overbought weekly stochastics.

The Commodities ETF remains in bear market territory 25.7% below its 2018 high of $18.81 set on Oct. 3, thanks to weakness in crude oil.

The Long Dollar ETF shows downside risk to the 200-day SMA at $24.97 as 2019 begins.
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