Commodities & Futures — Inter-Market Analysis
Live quotes (15-min) · 5-year history · Updated 00:21 UTC
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
| Symbol | Name | USD Corr | 10Y Corr | Sensitivity | Implication |
|---|---|---|---|---|---|
| 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%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| CLUSD | WTI Crude | 98.23 | +2.80% |
|
+0.50 | |
| BZUSD | Brent Crude | 112.89 | +3.90% | — | +0.53 | |
| NGUSD | Natural Gas | 3.0950 | -2.24% |
|
+0.37 | |
| HOUSD | Heating Oil | 4.2965 | +4.88% |
|
— | |
| RBUSD | RBOB Gasoline | 3.2593 | +5.21% |
|
— |
Precious
COT 44.1%
Base Metals
COT 81.2%
Grains
COT 95.2%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| ZCUSX | Corn | 465.50 | -0.90% |
|
+0.34 | |
| ZSUSX | Soybeans | 1,161 | -0.62% |
|
+0.38 | |
| KEUSX | Wheat | 606.25 | -3.35% |
|
+0.30 | |
| ZMUSD | Soybean Meal | 328.00 | -1.35% |
|
— | |
| ZLUSX | Soybean Oil | 65.53 | +0.18% |
|
— |
Softs
COT 26.1%
Livestock
COT 52.2%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| LEUSX | Live Cattle | 230.82 | -0.38% |
|
— | |
| GFUSX | Feeder Cattle | 351.40 | +1.05% |
|
— | |
| HEUSX | Lean Hogs | 104.53 | -0.21% |
|
— |
Indices
COT 32.3%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| ESUSD | S&P 500 | 6,559 | -1.52% |
|
— | |
| NQUSD | Nasdaq 100 | 24,102 | -1.95% |
|
— | |
| YMUSD | Dow Jones | 45,893 | -0.97% |
|
— | |
| RTYUSD | Russell 2000 | 2,455 | -2.27% | — | — |
Rates
COT 55.1%
Crypto
COT 21.8%
Dollar
COT 55.8%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| DXUSD | Dollar Index | 99.46 | +0.43% |
|
— |
Performance Leaderboard