XLI is looking good and expected to continue higher, despite some resistance in a specific section.
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Commodities Update: Technical Analysis: OIL MOVING ON UP WITH YIELDS
Finding Value FinanceApr 23, 2026
The creator discusses the current market conditions, noting a strong dollar and rising yields, which typically favor inflation-sensitive assets like oil. They provide technical analysis on various commodities and related ETFs, suggesting potential upside for crude oil and a bearish outlook for gold and silver mining stocks (GDX, GDXJ) due to consolidation patterns. The analysis also touches on bond prices (TLT) and yield curves, indicating potential inflationary pressures.
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Tickers discussed in this post
KRE is looking good and holding its ground, showing underlying strength despite market conditions.
Wheat is expected to continue higher and appears to be breaking out recently, looking really good to continue upwards.
URA experienced some selling pressure but the uptrend is not broken yet, still looking good to continue higher.
MicroStrategy has been working higher, breaking through resistance, and the bias remains to the upside.
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