MU is down 3.12% with stronger selling pressure, looking more bearish than usual.
Source Post
Commodities Update: Technical Analysis: OIL ENDED UP, GOLD AND SILVER UP
May 7, 2026
The creator provides a technical analysis update on commodities, including the DXY, yields, precious metals, and related ETFs. They note that the DXY and yields are up, and oil ended higher, suggesting potential for further increases. While gold and silver showed some upward movement, they are still in consolidation phases. The creator expresses uncertainty about the short-term direction of gold miners (GDX, GDXJ) and silver miners (SILJ) despite gold's gains, indicating they are holding their positions while waiting for favorable market conditions.
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MicroStrategy is down with Bitcoin but still looks okay and is holding on.
Wheat is expected to go higher, remaining above critical support despite short-term weakness.
Natural gas is looking good and trying to bottom, with expectations of moving higher.
Silver saw selling pressure but looks good, and the creator is holding positions, anticipating upside with rising interest rates.
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