Below we highlight a list of commodity ETFs from our daily ETF Trends report available to Bespoke Premium subscribers. As shown, all of the commodities we track are above their 50-day moving averages and most are currently overbought (red flags).
The new Market Vectors Agribusiness ETF -- MOO -- is the most overbought at 3.13% above the top end of its range. MOO is followed by GLD (a gold ETF) and DBO (an oil ETF). Commodities have been a top performing asset class throughout this bull market, and we recommend that individuals hold at least a small portion of them in their portfolios. The commodity ETFs listed below are a great way to gain exposure.