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home / news releases / SPY - The Weekly Charts Are Setting Up Nicely (Technically Speaking For 12/23)

SPY - The Weekly Charts Are Setting Up Nicely (Technically Speaking For 12/23)

SPDR S&P 500

Let's check-in on the commodity markets:

I'll take it row by row, starting with the upper left.

  • Oil's in a slight uptrend, but prices are contained.
  • Livestock is about 10% off a yearly low
  • Agricultural prices are in the middle of a rally that started in 3Q19. Prices are now in the upper quarter of their yearly range
  • Industrial metals are in the lower 1/3 of their yearly prices.

(Second row, left to right)

  • The total commodity complex is in the middle of a price spike, due to agricultural and oil prices
  • Energy prices are

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Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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