XLI is down 1.46% but shows signs of potential buying interest at the lows, suggesting it's not all fear.
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Commodities Update: Technical Analysis: STRONG YIELDS TODAY, LOTS OF SELLING PRESSURE
The creator discusses the impact of rising dollar and yields on various markets, noting selling pressure across commodities and equities. Energy sectors and some commodities like iron ore and coal are highlighted as potential safe havens or areas with bullish formations, while others like precious metals and emerging markets are experiencing pullbacks. The creator anticipates continued selling pressure due to these macroeconomic factors but looks for signs of exhaustion.
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Tickers discussed in this post
KRE is down slightly but showing signs of trying to bottom.
Wheat is down 2.1% and appears to be consolidating, similar to oil.
Newcastle coal futures are up 1% and look fantastic, with the creator predicting it will rip higher as a 'dark horse'.
TTF gas is down 3.76% but has broken through critical resistance levels, while US natural gas is chopping around.
Platinum is down 1.2%, following the trend of other precious metals.
Silver is down 4.5% and still in a corrective phase, with the creator anticipating a longer-term bottom soon.
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