Overbought or Oversold?

Monday, October 12, 2009

Are Oil and Natural Gas Futures overbought or oversold?

The green shading represents 2 standard deviations above and below the commodity's 50-day moving average. When the price moves above or below this green shading, the commodity is in extreme overbought or oversold territory.

Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.


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