Commodities & Futures — Inter-Market Analysis
Live quotes (15-min) · 5-year history · Updated 14:17 UTC
Performance Leaderboard
Inter-Market Ratios
Gold/Silver
74.61
33.4th percentile (3yr)
NORMAL
Safe-haven premium vs industrial. >80 = silver cheap, <65 = silver rich
50MA: 68.65 · 200MA: 64.85 · Z-score: 2.02
Copper/Gold
0.0016
66.6th percentile (3yr)
NORMAL
Economic optimism gauge. Rising = growth, falling = fear
50MA: 0.00 · 200MA: 0.00 · Z-score: 1.64
Oil/Gold
0.0252
60.0th percentile (3yr)
NORMAL
Energy vs safe-haven. Falling = deflationary signal
50MA: 0.02 · 200MA: 0.02 · Z-score: 1.78
Gold/SPY
0.48
46.1th percentile (3yr)
NORMAL
Real assets vs equities. Rising = loss of equity confidence
50MA: 0.51 · 200MA: 0.57 · Z-score: -1.42
Bonds/Equities
0.11
4.5th percentile (3yr)
EXTREME LOW
Risk appetite. Rising TLT/SPY = risk-off rotation
50MA: 0.10 · 200MA: 0.12 · Z-score: -1.22
Credit Spread
0.94
89.9th percentile (3yr)
ELEVATED
High-yield vs Treasuries. Falling = credit stress
50MA: 0.97 · 200MA: 0.94 · Z-score: 0.47
Commodity/Dollar
0.33
98.9th percentile (3yr)
EXTREME HIGH
Broad commodities vs USD. Inverse = dollar headwind
50MA: 0.32 · 200MA: 0.29 · Z-score: 1.51
COT Convergence Signals
Grain Belt Conviction
3/3 confirming · 100% strength
Specs net long 3/3 grain markets — agricultural inflation signal
Dollar & Rate Impact
Dollar Index:
101.86
↑
Strengthening
(20d vs 50d MA)
Dollar strengthening is a headwind for most commodity prices
| Symbol | Name | USD Corr | 10Y Corr | Sensitivity | Implication |
|---|---|---|---|---|---|
| GCUSD | Gold | -0.20 | -0.14 | Low | Moderate USD correlation (-0.20) |
| SIUSD | Silver | -0.24 | -0.24 | Low | Moderate USD correlation (-0.24) |
| CLUSD | WTI Crude | +0.01 | +0.37 | Low | No meaningful USD link for WTI Crude |
| NGUSD | Natural Gas | -0.00 | +0.07 | Low | No meaningful USD link for Natural Gas |
| HGUSD | Copper | +0.08 | -0.79 | Low | No meaningful USD link for Copper |
| ZCUSX | Corn | -0.10 | +0.25 | Low | No meaningful USD link for Corn |
| ZSUSX | Soybeans | +0.25 | -0.04 | Low | Moderate USD correlation (+0.25) |
| KEUSX | Wheat | -0.07 | +0.22 | Low | No meaningful USD link for Wheat |
| CCUSD | Cocoa | -0.22 | -0.37 | Low | Moderate USD correlation (-0.22) |
| KCUSX | Coffee | -0.27 | -0.19 | Low | Moderate USD correlation (-0.27) |
| SBUSX | Sugar | -0.15 | -0.24 | Low | Moderate USD correlation (-0.15) |
| CTUSX | Cotton | -0.34 | -0.25 | Moderate Inverse | USD strengthening is a headwind for Cotton |
| BZUSD | Brent Crude | +0.09 | +0.31 | Low | No meaningful USD link for Brent Crude |
| PLUSD | Platinum | -0.22 | -0.33 | Low | Moderate USD correlation (-0.22) |
| PAUSD | Palladium | -0.42 | -0.20 | Moderate Inverse | USD strengthening is a headwind for Palladium |
Commodity Grid
Energy
COT 35.5%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| CLUSD | WTI Crude | 100.00 | -1.73% |
|
+0.01 | |
| BZUSD | Brent Crude | 113.71 | -1.81% | — | +0.09 | |
| NGUSD | Natural Gas | 3.0090 | -0.43% |
|
-0.00 | |
| HOUSD | Heating Oil | 4.6198 | -2.44% |
|
— | |
| RBUSD | RBOB Gasoline | 3.0662 | -2.11% |
|
— |
Precious
COT 23.5%
Base Metals
COT 72.7%
Grains
COT 86.4%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| ZCUSX | Corn | 448.87 | -1.35% |
|
-0.10 | |
| ZSUSX | Soybeans | 1,244 | -0.72% |
|
+0.25 | |
| KEUSX | Wheat | 651.25 | -1.18% |
|
-0.07 | |
| ZMUSD | Soybean Meal | 334.45 | -1.69% |
|
— | |
| ZLUSX | Soybean Oil | 66.64 | -0.55% |
|
— |
Softs
COT 45.6%
Livestock
COT 13.0%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| LEUSX | Live Cattle | 230.85 | -0.15% |
|
— | |
| GFUSX | Feeder Cattle | 347.12 | +0.33% |
|
— | |
| HEUSX | Lean Hogs | 62.15 | -3.90% |
|
— |
Indices
COT 37.4%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| ESUSD | S&P 500 | 7,756 | +0.53% |
|
— | |
| NQUSD | Nasdaq 100 | 29,791 | +1.20% |
|
— | |
| YMUSD | Dow Jones | 52,562 | +0.02% |
|
— | |
| RTYUSD | Russell 2000 | 2,826 | +1.03% | — | — |
Rates
COT 62.0%
Crypto
COT 56.2%
Dollar
COT 79.2%
| Symbol | Name | Price | Chg% | 30d | COT% | $Corr |
|---|---|---|---|---|---|---|
| DXUSD | Dollar Index | 102.17 | +0.30% |
|
— |