) -- With the breakneck rally in stock prices in 2013, it's been easy to ignore commodities (or even commodity-focused stocks). While the
has climbed more than 25% since the start of the year, the
iShares S&P GSCI Commodity Index ETF
) has managed to
around 3% since the start of the year.
>>5 Rocket Stocks Worth Buying This Week
So no, commodities haven't exactly been earning a place in most investors' portfolios. But that could be about to change. As I write, scores of commodity-centric names are getting close to some pretty meaningful breakout levels. The timing's pretty good too: These names are nearing key levels just as investors are starting to get antsy about stocks this December.
That's why we're taking a technical look at
five commodity-driven names
to trade this month.
For the unfamiliar,
is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
>>5 Stocks Ready to Break Out
Without further ado, let's take a look at
five technical setups
worth trading now.