FYI: The Agribusiness ETF (MOO) is the most overbought and the only one in "extreme" territory, meaning it's more than two standard deviations above its 50-day moving average. Next up is the United States Oil ETF (USO), which is right near extreme territory. As shown, USO is up 33.75% year-to-date and it's 8.98% above its 50-day moving average. USO ranks first in terms of YTD performance and distance above 50-DMA compared to all other commodity ETFs.
All of the overbought commodity ETFs are related to oil, agriculture, or base metals. On the oversold side, it's natural gas (UNG) and all of the precious metals like gold (GLD), silver (SLV), and DBP.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/oil-ag-base-metals-overbought-nat-gas-precious-metals-oversold
