RE মন্দির, which includes significant lithium exposure, is forming a bullish consolidation pattern above critical support.
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Commodities Update: Technical Analysis: OIL SOARING HIGHER WITH YIELDS
The creator provides a technical analysis update on commodities, dollar, yields, precious metals, and related ETFs. They observe strong dollar and yields driven by oil, anticipating continued upward movement in rates and the dollar. The analysis covers various sectors including energy, mining, metals, agriculture, and emerging markets, with a focus on identifying potential investment opportunities and market trends.
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Tickers discussed in this post
URA is currently pulling back slightly but still looks okay, though its performance may depend on the strength of the dollar and yields.
XOP is showing strong bullish momentum after breaking its neckline, indicating a continuation of its upward trend.
GDXJ, like other gold miners, is in a consolidation phase after breaking out of a pattern, with potential for a retest before moving higher.
The creator believes TLT, representing bond prices, is at support and will likely drop, indicating higher yields.