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Commodities & Futures — Inter-Market Analysis

Live quotes (15-min) · 5-year history · Updated 00:21 UTC

🔥 Reflation Confidence: 60%
Commodity/Dollar ratio rising Oil/Gold ratio rising Energy specs bullish
Inter-Market Ratios
Gold/Silver 66.11
9.6th percentile (3yr) EXTREME LOW
Safe-haven premium vs industrial. >80 = silver cheap, <65 = silver rich
50MA: 59.72 · 200MA: 73.51 · Z-score: -0.8
Copper/Gold 0.0012
4.5th percentile (3yr) EXTREME LOW
Economic optimism gauge. Rising = growth, falling = fear
50MA: 0.00 · 200MA: 0.00 · Z-score: -0.97
Oil/Gold 0.0217
33.5th percentile (3yr) NORMAL
Energy vs safe-haven. Falling = deflationary signal
50MA: 0.01 · 200MA: 0.02 · Z-score: 1.88
Gold/SPY 0.64
94.5th percentile (3yr) EXTREME HIGH
Real assets vs equities. Rising = loss of equity confidence
50MA: 0.67 · 200MA: 0.57 · Z-score: 1.21
Bonds/Equities 0.13
12.1th percentile (3yr) DEPRESSED
Risk appetite. Rising TLT/SPY = risk-off rotation
50MA: 0.13 · 200MA: 0.13 · Z-score: -0.45
Credit Spread 0.92
91.5th percentile (3yr) EXTREME HIGH
High-yield vs Treasuries. Falling = credit stress
50MA: 0.91 · 200MA: 0.91 · Z-score: 0.75
Commodity/Dollar 0.29
99.9th percentile (3yr) EXTREME HIGH
Broad commodities vs USD. Inverse = dollar headwind
50MA: 0.26 · 200MA: 0.24 · Z-score: 3.59
COT Convergence Signals
Energy Complex Conviction 2/3 confirming · 67% strength
Specs net long 2/3 energy markets — supply/demand tightness
Grain Belt Conviction 3/3 confirming · 100% strength
Specs net long 3/3 grain markets — agricultural inflation signal
Dollar & Rate Impact
Dollar Index: 99.36 ↑ Strengthening (20d vs 50d MA)
Dollar strengthening is a headwind for most commodity prices
SymbolNameUSD Corr10Y CorrSensitivityImplication
GCUSD Gold -0.10 +0.44 Low No meaningful USD link for Gold
SIUSD Silver -0.28 +0.54 Low Moderate USD correlation (-0.28)
CLUSD WTI Crude +0.50 -0.47 Positive Moderate USD correlation (+0.50)
NGUSD Natural Gas +0.37 -0.46 Positive Moderate USD correlation (+0.37)
HGUSD Copper -0.53 +0.67 High Inverse USD strengthening is a headwind for Copper
ZCUSX Corn +0.34 -0.29 Positive Moderate USD correlation (+0.34)
ZSUSX Soybeans +0.38 -0.46 Positive Moderate USD correlation (+0.38)
KEUSX Wheat +0.30 -0.08 Positive Moderate USD correlation (+0.30)
CCUSD Cocoa -0.42 +0.06 Moderate Inverse USD strengthening is a headwind for Cocoa
KCUSX Coffee -0.37 -0.23 Moderate Inverse USD strengthening is a headwind for Coffee
SBUSX Sugar -0.14 -0.20 Low No meaningful USD link for Sugar
CTUSX Cotton -0.12 +0.33 Low No meaningful USD link for Cotton
BZUSD Brent Crude +0.53 -0.50 Positive Moderate USD correlation (+0.53)
PLUSD Platinum -0.46 +0.41 Moderate Inverse USD strengthening is a headwind for Platinum
PAUSD Palladium -0.46 +0.50 Moderate Inverse USD strengthening is a headwind for Palladium
Commodity Grid
Energy COT 52.4% +2.91% avg
SymbolNamePrice Chg%30d COT%$Corr
CLUSD WTI Crude 98.23 +2.80%
63%
+0.50
BZUSD Brent Crude 112.89 +3.90% +0.53
NGUSD Natural Gas 3.0950 -2.24%
3%
+0.37
HOUSD Heating Oil 4.2965 +4.88%
51%
RBUSD RBOB Gasoline 3.2593 +5.21%
91%
Precious COT 44.1% -2.37% avg
SymbolNamePrice Chg%30d COT%$Corr
GCUSD Gold 4,575 -0.67%
12%
-0.10
SIUSD Silver 67.81 -4.78%
15%
-0.28
PLUSD Platinum 1,920 -1.21%
57%
-0.46
PAUSD Palladium 1,414 -2.80%
91%
-0.46
Base Metals COT 81.2% -1.36% avg
SymbolNamePrice Chg%30d COT%$Corr
HGUSD Copper 5.3745 -1.73%
81%
-0.53
ALIUSD Aluminum 3,127 -0.99%
Grains COT 95.2% -1.21% avg
SymbolNamePrice Chg%30d COT%$Corr
ZCUSX Corn 465.50 -0.90%
94%
+0.34
ZSUSX Soybeans 1,161 -0.62%
96%
+0.38
KEUSX Wheat 606.25 -3.35%
100%
+0.30
ZMUSD Soybean Meal 328.00 -1.35%
85%
ZLUSX Soybean Oil 65.53 +0.18%
100%
Softs COT 26.1% -0.3% avg
SymbolNamePrice Chg%30d COT%$Corr
CCUSD Cocoa 3,255 -2.28%
1%
-0.42
KCUSX Coffee 309.75 +2.94%
16%
-0.37
SBUSX Sugar 15.70 +2.15%
3%
-0.14
CTUSX Cotton 67.31 -1.29%
78%
-0.12
OJUSX Orange Juice 161.50 -3.32%
29%
LBUSD Lumber 609.50 +0.00%
Livestock COT 52.2% +0.15% avg
SymbolNamePrice Chg%30d COT%$Corr
LEUSX Live Cattle 230.82 -0.38%
37%
GFUSX Feeder Cattle 351.40 +1.05%
49%
HEUSX Lean Hogs 104.53 -0.21%
70%
Indices COT 32.3% -1.68% avg
SymbolNamePrice Chg%30d COT%$Corr
ESUSD S&P 500 6,559 -1.52%
40%
NQUSD Nasdaq 100 24,102 -1.95%
16%
YMUSD Dow Jones 45,893 -0.97%
39%
RTYUSD Russell 2000 2,455 -2.27%
Rates COT 55.1% -0.73% avg
SymbolNamePrice Chg%30d COT%$Corr
ZBUSD 30Y Bond 112.41 -1.72%
93%
ZNUSD 10Y Note 110.50 -0.65%
84%
ZFUSD 5Y Note 107.80 -0.39%
41%
ZTUSD 2Y Note 103.54 -0.15%
0%
Crypto COT 21.8% 0.00% avg
SymbolNamePrice Chg%30d COT%$Corr
BTCUSD Bitcoin 0.0000 +0.00%
22%
ETHUSD Ethereum 0.0000 +0.00%
20%
Dollar COT 55.8% +0.43% avg
SymbolNamePrice Chg%30d COT%$Corr
DXUSD Dollar Index 99.46 +0.43%
55%
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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms