MicroStrategy is chopping sideways and the creator does not have a position in it.
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Commodities Update: Technical Analysis: GOLD AND SILVER LOOKING STRONGER, OIL AT RESISTANCE
The creator provides a technical analysis update on various commodities, precious metals, and ETFs. They discuss gold and silver looking stronger, oil at resistance, and potential breakouts in several commodity sectors. The creator also touches on DXY, yields, and bond prices, offering opinions on potential market movements based on geopolitical events and economic indicators.
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Tickers discussed in this post
XLI is showing some weakness but still looks okay with good support underneath.
The NASDAQ is up slightly and barely holding on, reflecting the creator's cautious outlook on major indices.
URA is in a falling wedge pattern, looks good, and shows little selling pressure, suggesting a potential pop higher.
Sprott Physical Uranium Trust is consolidating above a falling wedge, maintaining a bullish outlook as long as it stays above the wedge.
Platinum is showing bullish signs after breaking out of a falling wedge pattern, indicating potential for higher prices.
Silver is consolidating under resistance but still looks good, holding its ground and showing potential for an upward move after an ABC correction.
Linked Signals