MicroStrategy is up approximately 4.6%, looking good above support and forming a bullish flag/pennant pattern.
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Commodities Update: Technical Analysis: GOLD, SILVER, PLATINUM , PALLADIUM AND URANIUM STRONG TODAY
Finding Value FinanceMay 2, 2026
The creator provides a technical analysis of various commodities and ETFs, noting a weaker dollar and yields as a tailwind for precious metals and other assets. Several commodities like gold, silver, platinum, palladium, uranium, and base metals are showing strong upward momentum or potential for breakouts. The creator expresses bullish sentiment on these assets, anticipating a commodity bull market driven by a weakening dollar and potentially lower interest rates.
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Tickers discussed in this post
The Nasdaq is up 0.9% and trading near all-time highs, indicating strength.
The S&P 500 is up 1.02% and trading near all-time highs, indicating strength.
Despite being down 2.5%, wheat is expected to go higher in the medium to longer term after breaking a significant consolidation pattern.
REMX is up 4.3%, also ripping higher, partly due to its holdings in lithium companies.
Nickel is up 1.23% and looks very good to go higher, dependent on market conditions.
URA is up significantly (6.7%), mirroring the strong performance of uranium equities and precious metals, indicating continued upward potential.
US Natural Gas is up 4.3% with a strong candlestick, indicating a potential move higher, though still facing resistance.
Platinum is showing a very strong, powerful bullish engulfing candlestick, suggesting a high likelihood of continuing higher.
Silver shows a bullish engulfing candlestick, indicating a potential breakout and a positive outlook, especially if interest rates continue to rise.