MicroStrategy is down slightly but still looks good to go higher with minimal selling pressure.
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Commodities Update: Technical Analysis: GOLD AND SILVER SLIGHTLY HIGER, OIL DOWN
The creator provides a technical analysis of various commodities, currencies, and ETFs. They express bullish sentiment on oil, TTF gas, XOP, OIH, Newcastle coal, uranium futures, nickel, copper, lithium, iron ore, soybeans, wheat, corn, emerging markets, and the Nasdaq. They are cautious on GDX and GDXJ due to their belief in rising interest rates, but see potential for gold and silver mining companies long-term. The creator also discusses the dollar, yields, and bond prices, noting that lower yields and dollar would benefit sectors like XHB.
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Tickers discussed in this post
MU is falling below support, showing weakness.
REMX is at support and looks good to go higher, especially if lithium prices continue to rise.
URA is down 2% with some selling pressure, facing resistance but still looks okay.
XOP is down slightly but looks good to go higher after breaking the neckline of an inverse head and shoulders pattern.
GDXJ is up but the creator believes it's not the right spot to be, likely due to rising interest rate concerns.
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