MicroStrategy is down, and the creator is only watching it for interest, not actively trading or investing.
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Commodities Update: Technical Analysis: STRONGER YIELDS AND DXY, OIL MOVING ON UP
The creator provides a technical analysis of commodities, focusing on the impact of strong dollar and yields on various assets. They express bullish sentiment towards crude oil and energy sectors, anticipating further upside. Conversely, they see potential pullbacks in precious metals and some equity indices due to rising interest rates, while maintaining a long-term positive outlook on uranium equities.
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Tickers discussed in this post
URA experienced a significant drop with a bearish engulfing candlestick, suggesting a potential pullback or consolidation.
XOP is showing bullish signs with a broken neckline and a return move, suggesting potential upside soon.
The creator believes TLT, representing bond prices, is showing an inverted flag pattern and could head lower due to rising yields.
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