The Commodity Complex: $USO $WEAT $SOYB $CORN $GLD $SLV $IBIT $PHO $URA Momentum Strong
The Commodity Complex: A tale of two markets. 📈📉
Our Trend Strength Scores show massive 9-day momentum, but March 18 saw aggressive profit-taking. Are we hitting overbought territory?
Here’s the breakdown of the latest quantitative data.
$United States Oil Fund LP(USO)$ $Teucrium Wheat Fund(WEAT)$ $iShares Bitcoin Trust(IBIT)$ $Teucrium Soybean Fund(SOYB)$ $Teucrium Corn Fund(CORN)$ $United States Natural Gas Fund LP(UNG)$ $Teucrium Sugar Fund(CANE)$ $Invesco DB Base Metals Fund(DBB)$ $GraniteShares Platinum Trust(PLTM)$ $iShares Silver Trust(SLV)$ $SPDR Gold ETF(GLD)$ $United States Copper Index Fund(CPER)$ $VanEck Rare Earth and Strategic Metals ETF(REMX)$ $Global X Uranium ETF(URA)$ $Invesco Water Resources ETF(PHO)$
Trend Strength vs. Daily Action:
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USO: +301.21 (9-Day Score) | -49.57 (Daily Change)
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WEAT, SOYB, CORN: High scores but weakening signals.
The momentum remains historically high, but traders are locking in gains as supply concerns meet technical resistance.
Consolidation in Metals & Crypto:
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$SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$ : Slowing trend trajectories (modest downside).
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IBIT (Bitcoin): Solid +69.53 Trend Score, but saw a -14.07 daily drop.
This look like institutional rebalancing rather than a trend reversal—for now.
The only outright Downtrends (Negative Scores):
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CPER (Copper): -3.29
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URA (Uranium): -19.97
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PHO (Water): -34.83 (Severe selling)
The heavy selling in Water ($PHO) could signal reduced demand expectations for resource-intensive infrastructure projects.
Summary: Strong Trend Strength is meeting significant profit-taking. The primary trend is still "Up," but the daily weakness suggests a consolidation phase is ahead.
Are you riding the momentum or waiting for the pullback?
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