MicroStrategy shows a flag pattern and looks good to move higher, though more selling pressure is needed to turn fully bullish.
Source Post
Commodities Update: Technical Analysis: OIL HEADING HIGHER
Finding Value FinanceMay 1, 2026
The creator provides a technical analysis update on various commodities, currencies, and market indices. They express bullish sentiment towards crude oil, natural gas, coal, uranium, nickel, copper, lithium, and several agricultural commodities, anticipating upward price movements due to inflationary pressures and technical breakouts. The creator also notes positive technical setups for emerging markets and several US equity indices, while expressing surprise at the low VIX.
Linked Mentions
Tickers discussed in this post
XLI is chopping sideways in a channel, looks okay with not a ton of selling pressure, and is still above support.
The Dow Jones transportation index is slowing down its momentum and is expected to bottom soon.
The Nasdaq looks good to go higher as money continues to pile into these assets.
KRI is up 1.71% and looks pretty good, especially longer term if it can break through the resistance zone.
Wheat is up 2.11%, having broken its flag pattern to the upside, and looks good to continue higher.
Nickel is up 3.5% and has broken good resistance, showing potential to pick up momentum and looks very good.
URA is up about 2.5%, has broken out of its pattern, and looks good to continue higher, similar to URNM and URNJ.
Newcastle coal futures are up 1.5%, showing a bullish shoulder-head-shoulder bottoming pattern, and are expected to go up significantly.