XLI is down slightly but still looks good to go higher.
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Commodities Update: Technical Analysis: GOLD AND SILVER, URANIUM LOOK SOLID
The creator provides a technical analysis update on various commodities, ETFs, and market indicators. They express bullish sentiment on silver, platinum, palladium, uranium, copper, and lithium, citing bullish chart patterns. The creator also believes crude oil and natural gas prices are undervalued and poised for an upside move, despite current price action. They are cautious on broader market indices like the Russell and Nasdaq due to potential energy crises.
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Tickers discussed in this post
Wheat has broken out of its pattern and despite some selling pressure, still looks good to go higher.
URA is still on top of its falling wedge, which is bullish and indicates it is poised to go higher.
Despite a slight dip, Newcastle coal futures are expected to make a significant move higher, potentially going vertical.
Natural gas in America is cheap, especially against oil and gold, and is expected to move higher.
Platinum is breaking out of a falling wedge and despite some selling pressure, the creator remains firm on its upward trajectory.
Silver has broken its falling wedge pattern and looks poised to head higher.