Commodities大宗商品

Sector read · as of板块读数 · 截至 Jul 17, 2026

Where commodities stand today大宗商品今日处境

Act行动
Broad trend (14/17 up) with solid momentum (9/17) — the complex is in sync.趋势广泛(14/17向上),动量稳健(9/17)——整体共振。
Macro backdrop宏观背景 · dollar美元 strengthening走强 · growth增长 rising上行 · Goldilocks理想增长
as of截至 Jul 17, 2026

How many agree多少品种共振

12-month trend up12个月趋势向上
14 / 17
Short-term momentum短期动量向上
9 / 17
Low risk / calm低风险 / 平稳
4 / 17
1-month change1个月涨跌
+1.7%
commodity index商品指数
Breadth广度
14 of/ 17
trending up趋势向上
Long cycle长周期
Cycle low周期底部
dominant phase主导阶段
Shock冲击
Calm平稳
market calm = no shock市场平稳=无冲击
XAU
Gold黄金
4,012.70
-3.8%
live实时
XAG
Silver白银
56.04
-13.7%
live实时
HG
Copper
6.22
-1.8%
live实时
CL
Oil · WTI原油
82.49
+7.8%
live实时

Commodity index — the whole complex大宗商品指数——整个板块

925 +1.7% / 1m
17 commodities, weighted equally · tracked since 200017个品种等权平均 · 自2000年跟踪
Do the signals agree?各周期是否共振?
Wait — signals mixed等待——信号混乱
12-mo trend12月趋势 Up向上 Pace (20 days)节奏(20天) quick One story or many?步调一致还是分化? many trends多方向 DBC 28.98 GSG 31.4

The long cycle — where each commodity sits长周期——各品种所处位置

Rolling over见顶回落 · Copper Advancing上行 · Corn · Wheat · Soybeans 玉米 · 小麦 · 大豆 Recovering复苏中 · Natural Gas 天然气 Cycle low周期底部 · Gold · Silver · Oil · WTI · Platinum · Palladium 黄金 · 白银 · 原油 · WTI · 铂金 · 钯金

Early warnings forming早期预警形成中

?

signals lining up — oversold/overbought, shock, positioning, cycle引擎信号汇总——超卖/超买、冲击、持仓、周期

watch-list, not a trade trigger观察清单,非交易触发
Euphoric / extended — take profits, don't chase亢奋/超涨——获利了结,勿追高
Heating Oil取暖油 Extended超涨
Don't chase — watch for a turn勿追高,等待拐点
stacking up:已出现: Overbought short-term短周期超买 · Overbought longer-term中周期超买 · Price stretched above 200-day价格大幅偏离200日均线 · Momentum rolling over动量下钩
56
Wheat小麦 Blow-off喷发
Take profits, don't add减仓,勿追加
stacking up:已出现: Exogenous blow-off bid外生吹顶买盘 · Overbought short-term短周期超买 · Overbought longer-term中周期超买 · COT crowded longCOT大幅偏多
46
Washing out / basing — watch for the turn洗盘/筑底——关注转势信号
Live Cattle活牛 Washing out洗盘中
Don't catch the knife勿接下落飞刀
stacking up:已出现: Exogenous washout外生冲击洗盘 · Oversold short-term短周期超卖 · Oversold longer-term中周期超卖
42

Every commodity at a glance一眼看遍所有品种

1-month move · short-term momentum · long cycle1月涨跌 · 短期动量 · 长周期

Trending up趋势向上 Euphoric / falling亢奋/下跌 Washing out洗盘中 Flat / mixed横盘/混合
Energy能源
Oil · WTI原油 · WTI +7.7%
cycle周期 Cycle low周期底部
Mixed中性
Natural Gas天然气 -10.1%
cycle周期 Recovering复苏中
Momentum down短期动量转弱
Gasoline汽油 +15.1%
cycle周期
Momentum up短期动量向上
Heating Oil取暖油 +24.4%
cycle周期
Momentum up短期动量向上
Metals金属
Gold黄金 -5.0%
cycle周期 Cycle low周期底部
Momentum down短期动量转弱
Silver白银 -15.4%
cycle周期 Cycle low周期底部
Momentum down短期动量转弱
Platinum铂金 -11.4%
cycle周期 Cycle low周期底部
Momentum down短期动量转弱
Palladium钯金 -8.3%
cycle周期 Cycle low周期底部
Mixed中性
Copper -2.4%
cycle周期 Rolling over见顶回落
Mixed中性
Grains & Softs谷物与软商品
Corn玉米 +7.0%
cycle周期 Advancing上行
Momentum up短期动量向上
Wheat小麦 +15.8%
cycle周期 Advancing上行
Momentum up短期动量向上
Soybeans大豆 +7.6%
cycle周期 Advancing上行
Momentum up短期动量向上
Live Cattle活牛 -10.5%
cycle周期
Momentum down短期动量转弱
Coffee咖啡 +24.9%
cycle周期
Momentum up短期动量向上
Sugar白糖 +8.4%
cycle周期
Momentum up短期动量向上
Cocoa可可 +42.5%
cycle周期
Momentum up短期动量向上
Cotton棉花 +5.0%
cycle周期
Momentum up短期动量向上

Per-commodity detail逐品种详情

select a commodity to see its full read选择品种查看完整分析

What to do now当前该怎么做

Watch — not enough signal yet观望——信号不足
stacking up:已出现: Oversold longer-term中周期超卖 · Cycle in trough/recovery周期处于低谷/复苏
long cycle长周期
Cycle low周期底部 hazard风险
Model lean模型倾向
Hold持有 -12 / 100
The model leans negative (-12 on a −100…+100 scale), weighted by how these calls have actually worked out.模型倾向负面(在−100到+100的尺度上为-12),权重依据历史实际效果。
In a bull leg, overdue (213d in of a typical 194d), past the typical top window (overdue). Led by growth, value (ratio).处于牛市段,逾期(已运行 213 天,典型 194 天),已过典型顶部窗口(逾期)。主导因素:增长、价值(比价)。
Dollar美元: ·

Do the signals agree?各周期是否共振?

Timeframe周期 Trend趋势 Momentum动量 Stretch拉伸 Turn转折
Daily日线 up 61.0 98.0 +
3-Day3日 down 50.0 48.0
Weekly周线 flat 51.0 16.0 turning up转折向上
Biweekly双周 down 53.0 15.0 turning down转折向下
Monthly月线 up 54.0 46.0 +
Unconfirmed turn within a bearish bigger picture偏空大格局内的未确认转向
Red = overbought; green = oversold. Use the call above for meaning.红色=超买;绿色=超卖。含义以上方裁决为准。
Upcoming events即将到来的市场事件
2026-07-22 · 10:30 ET EIA oil reportEIA油品报告 EIA crude/petroleum inventoriesEIA 原油/石油库存 Oil原油 in 5 days5天后
2026-07-29 · 14:00 ET Fed meeting美联储会议 FOMC decision美联储决议 Gold黄金, Silver白银, Oil原油, Copper in 12 days12天后
2026-07-29 · 10:30 ET EIA oil reportEIA油品报告 EIA crude/petroleum inventoriesEIA 原油/石油库存 Oil原油 in 12 days12天后
Context only — not a signal. Headlines and any “likely cause” shown here are background context, fetched after the fact from public news (GDELT) and, when enabled, summarized by an AI model. They are NOT inputs to any score, signal or allocation, and the mechanical model never sees them. AI-attributed causes can be wrong or incomplete — “unknown” means the evidence was insufficient, which is the honest answer. Upcoming-catalyst dates are scheduling information, not forecasts.
Alert timeline · last警报时间线 · 最近 60 days · 48 alerts条警报
Wed Jul 15
Allocation配置 Oil · WTI原油 · WTI Oil allocation → 50%原油配置 → 50%
Optimal strategy moved 0% → 50% (momentum × risk).最优策略从 0% 调整为 50%(动量 × 风险)。
Risk风险 Silver白银 Silver: capitulation watch白银:投降式抛售观察
Risk Index held ≥ 50 for 21 days — at sustained extremes the gauge is contrarian (near-capitulation).风险指数连续 21 天 ≥ 50 — 在持续极值处该指标为逆向信号(接近投降)。
Mon Jul 13
Allocation配置 Copper Copper allocation → 50%铜配置 → 50%
Optimal strategy moved 0% → 50% (momentum × risk).最优策略从 0% 调整为 50%(动量 × 风险)。
Wed Jul 01
Shock冲击 Gold黄金 Gold price shock stabilizing黄金价格冲击趋稳 23:00 UTC
Gold 4,082.30 $/oz — the acute move is settling.黄金 4,082.30 美元/盎司 — 剧烈波动正在平息。
Shock冲击 Gold黄金 Gold intraday price shock (up)黄金日内价格冲击(上行) 10:00 UTC
Gold 4,107.90 $/oz — an acute up move (+3.0% / 6h, +1.6% / 24h).黄金 4,107.90 美元/盎司 — 一次剧烈的上行波动(+3.0% / 6小时,+1.6% / 24小时)。
Trend break趋势破位 Copper Copper structure → broken铜结构 → 破位
Structure state neutral → broken. Copper 6.12 $/lb.结构状态 中性 → 破位。铜 6.12 美元/磅。
Tue Jun 30
Shock冲击 Oil · WTI原油 · WTI Oil: exogenous pressure detected原油:检测到外生压力
Oil moved beyond what its macro drivers explain (shock z -1.5). Historically FADES — war/supply premia mean-revert. Oil 69.50 $/bbl.原油的走势超出其宏观驱动可解释的范围(冲击 z -1.5)。历史上会消退 — 战争/供给溢价均值回归。 原油 69.50 美元/桶。
Mon Jun 29
Shock冲击 Gold黄金 Gold: exogenous pressure detected黄金:检测到外生压力
Gold moved beyond what its macro drivers explain (shock z -1.6). Historically PERSISTS (central-bank-style bids have carried forward). Gold 3,978.50 $/oz.黄金的走势超出其宏观驱动可解释的范围(冲击 z -1.6)。历史上会持续(央行式买盘往往延续)。 黄金 3,978.50 美元/盎司。
Fri Jun 26
Driver驱动 Copper Copper macro backdrop turned headwind铜宏观背景转为逆风
Driver axis -0.34 (neutral → headwind).驱动因素轴 -0.34(中性 → 逆风)。
Thu Jun 25
Shock冲击 Silver白银 Silver price shock stabilizing白银价格冲击趋稳 03:00 UTC
Silver 57.33 $/oz — the acute move is settling.白银 57.33 美元/盎司 — 剧烈波动正在平息。
Allocation配置 Copper Copper allocation → 0%铜配置 → 0%
Optimal strategy moved 50% → 0% (momentum × risk).最优策略从 50% 调整为 0%(动量 × 风险)。
Shock冲击 Gold黄金 Gold: exogenous pressure detected黄金:检测到外生压力
Gold moved beyond what its macro drivers explain (shock z -1.6). Historically PERSISTS (central-bank-style bids have carried forward). Gold 3,994.50 $/oz.黄金的走势超出其宏观驱动可解释的范围(冲击 z -1.6)。历史上会持续(央行式买盘往往延续)。 黄金 3,994.50 美元/盎司。
Wed Jun 24
Shock冲击 Silver白银 Silver intraday extended move (down)白银日内延伸性波动(下行) 13:00 UTC
Silver 56.62 $/oz — an acute down move (-4.8% / 6h, -8.8% / 24h).白银 56.62 美元/盎司 — 一次剧烈的下行波动(-4.8% / 6小时,-8.8% / 24小时)。
Shock冲击 Silver白银 Silver intraday price shock (down)白银日内价格冲击(下行) 08:00 UTC
Silver 58.22 $/oz — an acute down move (-6.0% / 6h, -6.3% / 24h).白银 58.22 美元/盎司 — 一次剧烈的下行波动(-6.0% / 6小时,-6.3% / 24小时)。
Shock冲击 Gold黄金 Gold: exogenous pressure detected黄金:检测到外生压力
Gold moved beyond what its macro drivers explain (shock z -1.5). Historically PERSISTS (central-bank-style bids have carried forward). Gold 3,990.30 $/oz.黄金的走势超出其宏观驱动可解释的范围(冲击 z -1.5)。历史上会持续(央行式买盘往往延续)。 黄金 3,990.30 美元/盎司。
Fri Jun 19
Positioning持仓 Gold黄金 Gold COT crowded long黄金 COT 多头拥挤
Speculative net positioning reached crowded long (87th %ile, 3y).投机净持仓达到多头拥挤(3 年期第 87 百分位)。
Wed Jun 17
Momentum动量 Copper Copper momentum → bull铜动量 → 看多
Momentum state neutral → bull. Copper 6.48 $/lb.动量状态 中性 → 看多。铜 6.48 美元/磅。
Trend break趋势破位 Oil · WTI原油 · WTI Oil structure → broken原油结构 → 破位
Structure state neutral → broken. Oil 76.79 $/bbl.结构状态 中性 → 破位。原油 76.79 美元/桶。
Mon Jun 15
Shock冲击 Oil · WTI原油 · WTI Oil: exogenous pressure detected原油:检测到外生压力
Oil moved beyond what its macro drivers explain (shock z -1.5). Historically FADES — war/supply premia mean-revert. Oil 80.75 $/bbl.原油的走势超出其宏观驱动可解释的范围(冲击 z -1.5)。历史上会消退 — 战争/供给溢价均值回归。 原油 80.75 美元/桶。
Momentum动量 Oil · WTI原油 · WTI Oil momentum → bear原油动量 → 看空
Momentum state neutral → bear. Oil 80.75 $/bbl.动量状态 中性 → 看空。原油 80.75 美元/桶。
Sun Jun 14
Allocation配置 Copper Copper allocation → 50%铜配置 → 50%
Optimal strategy moved 0% → 50% (momentum × risk).最优策略从 0% 调整为 50%(动量 × 风险)。
Risk风险 Silver白银 Silver: capitulation watch白银:投降式抛售观察
Risk Index held ≥ 50 for 21 days — at sustained extremes the gauge is contrarian (near-capitulation).风险指数连续 21 天 ≥ 50 — 在持续极值处该指标为逆向信号(接近投降)。
Fri Jun 12
Shock冲击 Gold黄金 Gold price shock stabilizing黄金价格冲击趋稳 07:00 UTC
Gold 4,227.80 $/oz — the acute move is settling.黄金 4,227.80 美元/盎司 — 剧烈波动正在平息。
Trend break趋势破位 Silver白银 Silver structure → broken白银结构 → 破位
Structure state neutral → broken. Silver 67.86 $/oz.结构状态 中性 → 破位。白银 67.86 美元/盎司。
Driver驱动 Oil · WTI原油 · WTI Oil macro backdrop turned headwind原油宏观背景转为逆风
Driver axis -0.38 (neutral → headwind).驱动因素轴 -0.38(中性 → 逆风)。
Thu Jun 11
Shock冲击 Gold黄金 Gold intraday price shock (up)黄金日内价格冲击(上行) 16:00 UTC
Gold 4,233.80 $/oz — an acute up move (+3.4% / 6h, +3.1% / 24h).黄金 4,233.80 美元/盎司 — 一次剧烈的上行波动(+3.4% / 6小时,+3.1% / 24小时)。
Shock冲击 Gold黄金 Gold price shock stabilizing黄金价格冲击趋稳 06:00 UTC
Gold 4,110.30 $/oz — the acute move is settling.黄金 4,110.30 美元/盎司 — 剧烈波动正在平息。
Shock冲击 Silver白银 Silver: exogenous pressure detected白银:检测到外生压力
Silver moved beyond what its macro drivers explain (shock z -1.5). Washouts tend to bounce; upside shocks are noisier. Silver 63.88 $/oz.白银的走势超出其宏观驱动可解释的范围(冲击 z -1.5)。急跌后往往反弹;上行冲击则更嘈杂。 白银 63.88 美元/盎司。
Allocation配置 Copper Copper allocation → 0%铜配置 → 0%
Optimal strategy moved 50% → 0% (momentum × risk).最优策略从 50% 调整为 0%(动量 × 风险)。
Driver驱动 Copper Copper macro backdrop turned headwind铜宏观背景转为逆风
Driver axis -0.36 (neutral → headwind).驱动因素轴 -0.36(中性 → 逆风)。
Wed Jun 10
Shock冲击 Gold黄金 Gold intraday price shock (down)黄金日内价格冲击(下行) 18:00 UTC
Gold 4,069.10 $/oz — an acute down move (-2.0% / 6h, -5.0% / 24h).黄金 4,069.10 美元/盎司 — 一次剧烈的下行波动(-2.0% / 6小时,-5.0% / 24小时)。
Shock冲击 Gold黄金 Gold: exogenous pressure detected黄金:检测到外生压力
Gold moved beyond what its macro drivers explain (shock z -1.8). Historically PERSISTS (central-bank-style bids have carried forward). Gold 4,108.20 $/oz.黄金的走势超出其宏观驱动可解释的范围(冲击 z -1.8)。历史上会持续(央行式买盘往往延续)。 黄金 4,108.20 美元/盎司。
Driver驱动 Oil · WTI原油 · WTI Oil macro backdrop turned headwind原油宏观背景转为逆风
Driver axis -0.46 (neutral → headwind).驱动因素轴 -0.46(中性 → 逆风)。
Tue Jun 09
Driver驱动 Gold黄金 Gold macro backdrop turned headwind黄金宏观背景转为逆风
Driver axis -0.38 (neutral → headwind).驱动因素轴 -0.38(中性 → 逆风)。
Driver驱动 Silver白银 Silver macro backdrop turned headwind白银宏观背景转为逆风
Driver axis -0.38 (neutral → headwind).驱动因素轴 -0.38(中性 → 逆风)。
Momentum动量 Silver白银 Silver momentum → bear白银动量 → 看空
Momentum state neutral → bear. Silver 65.09 $/oz.动量状态 中性 → 看空。白银 65.09 美元/盎司。
Mon Jun 08
Shock冲击 Silver白银 Silver price shock stabilizing白银价格冲击趋稳 13:00 UTC
Silver 68.57 $/oz — the acute move is settling.白银 68.57 美元/盎司 — 剧烈波动正在平息。
Driver驱动 Silver白银 Silver macro backdrop turned headwind白银宏观背景转为逆风
Driver axis -0.40 (neutral → headwind).驱动因素轴 -0.40(中性 → 逆风)。
Fri Jun 05
Shock冲击 Silver白银 Silver intraday extended move (down)白银日内延伸性波动(下行) 15:00 UTC
Silver 68.16 $/oz — an acute down move (-2.3% / 6h, -8.2% / 24h).白银 68.16 美元/盎司 — 一次剧烈的下行波动(-2.3% / 6小时,-8.2% / 24小时)。
Shock冲击 Silver白银 Silver intraday price shock (down)白银日内价格冲击(下行) 11:00 UTC
Silver 68.89 $/oz — an acute down move (-5.6% / 6h, -6.6% / 24h).白银 68.89 美元/盎司 — 一次剧烈的下行波动(-5.6% / 6小时,-6.6% / 24小时)。
Positioning持仓 Gold黄金 Gold COT crowded long黄金 COT 多头拥挤
Speculative net positioning reached crowded long (91th %ile, 3y).投机净持仓达到多头拥挤(3 年期第 91 百分位)。
Tue Jun 02
Shock冲击 Copper Copper: exogenous bid detected铜:检测到外生买盘
Copper moved beyond what its macro drivers explain (shock z +1.6). Historically PERSISTS (structural demand carries forward). Copper 6.65 $/lb.铜的走势超出其宏观驱动可解释的范围(冲击 z +1.6)。历史上会持续(结构性需求往往延续)。 铜 6.65 美元/磅。
Positioning持仓 Gold黄金 Gold COT crowded long黄金 COT 多头拥挤
Speculative net positioning reached crowded long (91th %ile, 3y).投机净持仓达到多头拥挤(3 年期第 91 百分位)。
Thu May 28
Trend break趋势破位 Gold黄金 Gold structure → broken黄金结构 → 破位
Structure state neutral → broken. Gold 4,499.30 $/oz.结构状态 中性 → 破位。黄金 4,499.30 美元/盎司。
Allocation配置 Oil · WTI原油 · WTI Oil allocation → 0%原油配置 → 0%
Optimal strategy moved 50% → 0% (momentum × risk).最优策略从 50% 调整为 0%(动量 × 风险)。
Tue May 26
Driver驱动 Gold黄金 Gold macro backdrop turned tailwind黄金宏观背景转为顺风
Driver axis +0.49 (neutral → tailwind).驱动因素轴 +0.49(中性 → 顺风)。
Driver驱动 Silver白银 Silver macro backdrop turned tailwind白银宏观背景转为顺风
Driver axis +0.49 (neutral → tailwind).驱动因素轴 +0.49(中性 → 顺风)。
Thu May 21
Momentum动量 Gold黄金 Gold momentum → bear黄金动量 → 看空
Momentum state neutral → bear. Gold 4,539.80 $/oz.动量状态 中性 → 看空。黄金 4,539.80 美元/盎司。
Alerts refresh from history; intraday price shocks are best-effort. Built警报由历史重算;日内价格冲击为尽力更新。生成于 2026-07-19 23:01 UTC.
Commodities大宗商品 · built生成于 2026-07-19 23:01 UTC · data as of数据截至 Jul 17, 2026
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