Monday, January 11, 2010

Commodity ETFs For the Week of January 11

In terms of commodity ETFs/ETNs for this week, there are only two commodity ETNs that are overbought on all time frames:

JJT and RJZ:

The steady price rise is clearly visible on their long term charts, and is the cause of the high RSI values.





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In the short term, the most overbought is GSG, iShares S&P GSCI Commodity-Indexed Trust, and the win ETF, PWND, both with RSIs over 80.

In the long term, SGG (sugar) continues to be the most overbought commodity of all, with an RSI of 79.78 (monthly).

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