Nickel has broken critical resistance and looks good to continue higher, even with a short-term pullback.
Source Post
Commodities Update: Technical Analysis: OIL UP, GOLD AND SILVER DOWN.
Finding Value FinanceMay 6, 2026
The creator provides a technical analysis update on commodities, noting a stronger dollar and yields are driving inflation-sensitive assets higher while economically sensitive assets like the overall stock market are down. Crude oil, TTF gas, and natural gas in America are highlighted as having strong breakout potential. Precious metals and mining stocks are showing weakness due to rising yields, though the creator remains invested. Emerging markets and some equity sectors are also showing pressure from the strong dollar and yields.
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Tickers discussed in this post
Wheat is up and looks fantastic to move higher.
MicroStrategy is going higher, tracking Bitcoin and Ethereum.
The Nasdaq is down slightly but holding on, with potential pressure if rates continue to increase.
The S&P 500 is down slightly but holding on, with potential pressure if rates continue to increase.
Platinum is down and facing resistance.
Silver is down and facing resistance, but the creator is holding their position.
URA is showing good signs for moving higher despite some resistance.
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