Buy or Sell?
Commodities – Buy or Sell? Wednesday August 6, 2008 Commodities continue to move lower as they are losing their luster with investors. The Continuous Commodity Index has lost 16 percent from the highs set on July 2nd. The big question now is whether it is time to buy or sell commodities. Looking at the charts of most commodities, it is hard to find more than a couple that look good right now. I will say that most commodities are very oversold and should have a bounce soon. Other than that, most commodities have yet to show any strength where they have taken out resistance, so the sell off may have a little more to go. Live cattle and lean hogs are looking good as well as
