REMX is breaking out above resistance and looks solid for another run, along with lithium.
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Commodities Update: Technical Analysis: OIL AND YIELDS HIGHER TODAY
The creator provides a technical analysis of various commodities, currencies, and equity-linked ETFs. They note a stronger dollar and yields, with potential bullish patterns in 10-year and 30-year yields. Several commodities like crude oil, natural gas, and lithium are showing positive technicals, while some mining ETFs and metals are mixed. The creator expresses a bearish outlook on the S&P 500, Nasdaq, and Russell indices.
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Tickers discussed in this post
Uranium miners ETFs like URNM are looking bullish after breaking falling wedges, suggesting continued upward movement.
XOP is showing positive momentum with a decent day and support levels holding, suggesting a potential bigger move to the upside.
TLT bond prices are down and could break to the downside, indicating a bearish outlook.
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