MicroStrategy is breaking out of a double bottom pattern, showing strong upward momentum.
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Commodities Update: Technical Analysis: GOLD AND SILVER UP WITH OIL DOWN DOWN DOWN
Finding Value FinanceApr 24, 2026
The creator provides a technical analysis of various commodities and market instruments, noting upward trends in gold, silver, and uranium, while observing downward pressure on crude oil and natural gas. The analysis also touches on yields, the dollar, and several equity ETFs, suggesting potential upside for some sectors despite short-term volatility.
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Tickers discussed in this post
Emerging markets are continuing to move higher strongly, indicating a positive outlook.
The Baltic Dry Index is moving higher, indicating positive momentum in shipping and related industries.
Rio Tinto (implied by RMX, a related ETF) is down slightly but remains above support, with some resistance overhead.
Sprott Physical Uranium Trust is continuing to move higher and is on top of a falling wedge, indicating a bullish outlook.
XOP is showing signs of nearing the end of a trend move, with a potential turn coming after a return move to the neckline.
The creator believes TLT bond prices, despite being up today, are in an inverted flag pattern that is likely to break lower.