BCXETF / FundBlackRock Resources & Commodities Strategy Trust
Verdicts genuinely change. Free email alert the moment BCX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
BlackRock Resources & Commodities Strategy Trust
48 holdings · as of 2026-06-30 (3.8 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 32.70% of portfolio weight is in non-compliant holdings, over the 5% threshold.
48 holdings, 40 matched (96% of weight). Portfolio as of 2026-06-30, filed 2026-08-25. Source: SEC Form N-PORT.
0.49% of this portfolio’s income is non-permissible — weighted across holdings, computed over 90% of portfolio weight (37 of 48 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
64.0% compliant 0.0% questionable 32.5% non-compliant 3.6% unscreened
All holdings (48)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SHEL Shell PLC | NON_COMPLIANT | 7.78% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| XOM Exxon Mobil Corp | COMPLIANT | 7.44% | AAOIFI6.5% Usmani9.1% Dow Jones Islamic8.5% S&P Shariah9.0% MSCI Islamic9.1% MSCI Islamic M-Series9.0% FTSE Shariah9.1% |
| WPM Wheaton Precious Metals Corp | COMPLIANT | 5.41% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CVX Chevron Corp | COMPLIANT | 5.30% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| GLEN.L Glencore PLC | NON_COMPLIANT | 4.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NTR Nutrien Ltd | NON_COMPLIANT | 4.51% | AAOIFI20.8% Usmani18.9% Dow Jones Islamic29.2% S&P Shariah31.1% MSCI Islamic18.9% MSCI Islamic M-Series31.1% FTSE Shariah18.9% |
| AAL.L Anglo American PLC | COMPLIANT | 4.41% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CTVA Corteva Inc | COMPLIANT | 4.14% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| SU Suncor Energy Inc | COMPLIANT | 3.48% | AAOIFI13.4% Usmani21.2% Dow Jones Islamic19.8% S&P Shariah21.8% MSCI Islamic16.1% MSCI Islamic M-Series21.8% FTSE Shariah16.1% |
| B Barrick Mining Corp | COMPLIANT | 3.33% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VALE3.SA Vale SA | NON_COMPLIANT | 3.32% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BG Bunge Global SA | NON_COMPLIANT | 3.05% | AAOIFI81.7% Usmani34.4% Dow Jones Islamic97.8% S&P Shariah104.4% MSCI Islamic34.0% MSCI Islamic M-Series104.4% FTSE Shariah30.6% |
| RIO Rio Tinto PLC | COMPLIANT | 2.90% | AAOIFI16.8% Usmani17.1% Dow Jones Islamic24.7% S&P Shariah26.4% MSCI Islamic17.1% MSCI Islamic M-Series26.4% FTSE Shariah17.1% |
| BlackRock Liquidity Funds | UNSCREENED | 2.58% | no in-house ratios for this holding |
| PKG Packaging Corp of America | COMPLIANT | 2.54% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| RGLD Royal Gold Inc | COMPLIANT | 2.49% | AAOIFI1.8% Usmani4.2% Dow Jones Islamic2.7% S&P Shariah3.3% MSCI Islamic4.2% MSCI Islamic M-Series3.3% FTSE Shariah4.2% |
| COP ConocoPhillips | COMPLIANT | 2.42% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| DE Deere & Co | NON_COMPLIANT | 2.39% | AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9% |
| SW Smurfit Westrock PLC | NON_COMPLIANT | 2.27% | AAOIFI61.2% Usmani31.3% Dow Jones Islamic62.7% S&P Shariah90.7% MSCI Islamic31.3% MSCI Islamic M-Series90.7% FTSE Shariah31.3% |
| AU Anglogold Ashanti Plc | COMPLIANT | 2.26% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NSIS-B.CO Novonesis Novozymes B | COMPLIANT | 1.71% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SUBC.OL Subsea 7 SA | COMPLIANT | 1.59% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CRH CRH PLC | COMPLIANT | 1.49% | AAOIFI31.8% Usmani33.7% Dow Jones Islamic27.6% S&P Shariah30.6% MSCI Islamic32.7% MSCI Islamic M-Series30.6% FTSE Shariah30.4% |
| MT ArcelorMittal SA | NON_COMPLIANT | 1.47% | AAOIFI31.9% Usmani13.7% Dow Jones Islamic40.2% S&P Shariah46.6% MSCI Islamic13.7% MSCI Islamic M-Series46.6% FTSE Shariah13.7% |
| CEMEXCPO.MX Cemex SAB de CV | NON_COMPLIANT | 1.40% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LIN Linde PLC | COMPLIANT | 1.38% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| VLO Valero Energy Corp | COMPLIANT | 1.28% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| WMB Williams Cos Inc/The | NON_COMPLIANT | 1.21% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| 2899.HK Zijin Mining Group Co Ltd | COMPLIANT | 1.14% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FM.TO First Quantum Minerals Ltd | COMPLIANT | 1.08% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| NHY.OL Norsk Hydro ASA | COMPLIANT | 1.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PR Permian Resources Corp | COMPLIANT | 1.01% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| FCX Freeport-McMoRan Inc | COMPLIANT | 0.99% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| UPM.HE UPM-Kymmene Oyj | COMPLIANT | 0.97% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NEM Newmont Corp | COMPLIANT | 0.93% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| CF CF Industries Holdings Inc | COMPLIANT | 0.91% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| AI.PA Air Liquide SA | COMPLIANT | 0.84% | AAOIFI12.7% Usmani28.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic26.2% MSCI Islamic M-Series— FTSE Shariah26.2% |
| MNDI.L Mondi PLC | NON_COMPLIANT | 0.78% | AAOIFI66.7% Usmani30.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic28.4% MSCI Islamic M-Series— FTSE Shariah28.4% |
| FTI TechnipFMC PLC | COMPLIANT | 0.76% | AAOIFI3.9% Usmani12.0% Dow Jones Islamic6.3% S&P Shariah7.5% MSCI Islamic11.2% MSCI Islamic M-Series7.5% FTSE Shariah3.9% |
| VAL.JO Valterra Platinum Ltd | COMPLIANT | 0.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BlackRock Funds III | UNSCREENED | 0.50% | no in-house ratios for this holding |
| Hofseth International | UNSCREENED | 0.50% | no in-house ratios for this holding |
| AKSO.OL Aker Solutions ASA | COMPLIANT | 0.41% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Precious Woods Holding AG | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Gazprom PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Polyus PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| LBHI GUARANTEE CLAIM USD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| LEHMAN DEFAULT CLAIM TRACKER | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 23 points of portfolio weight — 83.8% of it passes FTSE Shariah, 61.1% passes AAOIFI. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 61.1% ratios fail on 29.7% 9.9% not rated under AAOIFI
ratios pass on 79.3% ratios fail on 10.7% 10.7% not rated under Usmani
ratios pass on 62.6% ratios fail on 26.5% 11.6% not rated under Dow Jones Islamic
ratios pass on 62.6% ratios fail on 26.5% 11.6% not rated under S&P Shariah
ratios pass on 74.9% ratios fail on 15.0% 10.7% not rated under MSCI Islamic
ratios pass on 62.6% ratios fail on 26.5% 11.6% not rated under MSCI Islamic M-Series
ratios pass on 83.8% ratios fail on 6.1% 10.7% not rated under FTSE Shariah
40 of 48 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 27 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
BlackRock Resources & Commodities Strategy Trust (BCX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for BCX — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 40.60 | NEUTRAL |
| Stochastic %K (14) | 25.05 | NEUTRAL |
| CCI (20) | -18.37 | NEUTRAL |
| Williams %R (14) | -74.95 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 0.07 | BUY |
| Momentum (10) | 0.01 | BUY |
| EMA (10) | 12.07 | SELL |
| SMA (10) | 12.14 | SELL |
| EMA (20) | 12.11 | SELL |
| SMA (20) | 11.99 | SELL |
| EMA (30) | 12.15 | SELL |
| SMA (30) | 12.13 | SELL |
| EMA (50) | 12.16 | SELL |
| SMA (50) | 12.43 | SELL |
| EMA (100) | 12.01 | SELL |
| SMA (100) | 11.92 | SELL |
| EMA (200) | 11.66 | BUY |
| SMA (200) | 11.87 | SELL |
About BlackRock Resources & Commodities Strategy Trust
Financial Services · Asset Management
Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors. The fund also invests through derivatives with exposure to commodity or natural resources companies, with an emphasis on option writing. Blackrock Resources & Commodities Strategy Trust was formed on March 30, 2011 and is domiciled in the United States.
Background via Yahoo Finance — informational, not part of the verdict.
Exceptional confluence — high-probability setup
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏰ 4H | BEARISH | 30 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-13 · Asset managers net 915835 (+9220)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.