MicroStrategy is moving up and looks good to go higher.
Source Post
Commodities Update: Technical Analysis: YIELDS MOVING HIGHER, GOLD AND SILVER, URANIUM, OIL
Finding Value FinanceMay 3, 2026
The creator provides a technical analysis of various commodities and equity-linked ETFs, noting bullish patterns and potential upside across sectors like oil, precious metals, uranium, and natural gas. While some sectors are consolidating, the overall outlook suggests a move higher, driven by inflationary pressures and interest rate expectations. The creator expresses a strong preference for commodities and related equities over broad market indices like the SPX and Nasdaq.
Linked Mentions
Tickers discussed in this post
XLI is trying to break out, facing some resistance, but still looks good for upside potential.
The Dow Jones transportation index is pulling back to a solid base support area with nice candlestick contraction, looking good.
The creator explicitly states they do not want to touch the Nasdaq, despite money flows, due to unfavorable market conditions.
The creator explicitly states they do not want to touch the SPX, despite it being up slightly, due to unfavorable market conditions.
KRE is down slightly and still chopping around, with no clear directional signal provided.
Wheat still looks good to go much higher, continuing its upward trend.
Nickel has broken out of resistance, formed a double bottom in a falling wedge, and is now stair-stepping higher, indicating a bullish trend.
URA is down slightly but still looks good to go higher, exhibiting a pattern of breaking out and then slightly dropping off, characteristic of a bullish formation.
Sprott Physical Uranium Trust is chopping sideways but holding its ground, with uranium futures also stable, indicating potential for higher prices.
Newcastle coal futures are under resistance but show an inverted head and shoulders pattern, suggesting a future breakout, though patience is required.