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Stocks similar to commodities


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  #1 (permalink)
 sparks01 
Southampton + Dorset/England
 
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Hi All,

Playing with stocks, has anyone any idea on any stocks which move similarly to a commodity?

For example, a daily RIG chart does seem to trade very similarly to crude.

Cheers!!


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 xplorer 
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sparks01 View Post
Hi All,

Playing with stocks, has anyone any idea on any stocks which move similarly to a commodity?

For example, a daily RIG chart does seem to trade very similarly to crude.

Cheers!!


hi sparks - personally I'm not aware of which stock has a direct correlation to which futures instrument, but Apple has the most weighting on the Nasdaq futures.

Also, the Technology sector as a whole is practically most Nasdaq so that would heavily influence that index.


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  #4 (permalink)
 sparks01 
Southampton + Dorset/England
 
Experience: Beginner
Platform: ninjatrader
Broker: Ninjatrader, Continuum
Trading: CL
Posts: 31 since Jan 2015
Thanks Given: 17
Thanks Received: 7

Hi explorer,

Thanks for the information,

I will take a look!


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Last Updated on May 5, 2016


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