Using a Commodity Chart

Commodity charts gives you historical data but also provides a glimpse into the future

A commodity chart gives you an indication of the current spot price for that commodity. Generally, prices of commodity related stocks rise because the spot price of the actual commodity is about to or is currently increasing.

The price of crude oil is generally quoted in US$ per barrel. The New York Mercantile Exchange or NYMEX Natural gas prices are commonly quoted in US$ per million BTUs. Coal is quoted in larger volumes which in the charts below is the short ton (2000 pounds or 907 kg). The uranium spot price is quoted on the per pound basis.

In this series of free commodity charts, short and long term charts showing the delayed spot price of oil per barrel, NYMEX natural gas, uranium and coal are shown. Depending on which type of stock trader you are, will depend on the type of chart you will look at. For instance, investors will likely be looking at the long term charts while day traders would be looking at short term charts.

In the charts below, the delayed spot price is shown in the top right hand corner.

The coal prices listed above are for Northern Appalachia coal. The price for metallurgical coal is generally much higher but the spot price for it is difficult to find. To find the approximate price of metallurgical coal it is suggested that you read the quarterly financial statements of companies that sell this type of coal such as Elk Valley Coal which is owned by Fording Canadian Coal Trust (TSX: FDG.UN) and Teck Cominco Limited (TSX: TEK.MV.A).

Using a base metal or precious metal commodity chart can give you a leg up on your stock trading. It gives you a bit more information that may keep you ahead of the crowd.

footer for commodity chart page