Source Post

Commodities Update: Technical Analysis: OIL, GOLD AND SILVER, URANIUM ALL LOOK SOLID

The creator provides a technical analysis of various commodities, currencies, and equity-linked ETFs. They express bullish sentiment on gold, silver, platinum, palladium, crude oil, natural gas, uranium, nickel, copper, iron ore, soybeans, wheat, corn, emerging markets, and several commodity-related ETFs like XOP, OIH, URA, URNM, URANJ, COPX, and XHB. The creator notes resistance levels for some commodities but generally sees potential for upside. They also comment on the dollar, yields, and bond prices, indicating a bullish outlook for higher yields. The creator expresses surprise at the resilience of some equity indices like SPX, Nasdaq, and Dow Jones Transportation despite negative technicals, attributing it to a "Plunge Protection Team."

Linked Mentions

Tickers discussed in this post

MSTRNeutralLow ConvictionResearch Only

MicroStrategy is up significantly in the short term, showing a nice bounce.

WPMBullishMedium ConvictionSignal-backedSecondary

Wheat is moving higher after breaking a larger pattern to the upside.

BEKEBullishMedium ConvictionSignal-backedSecondary

Nickel is down slightly but back at support, with low selling pressure suggesting a continuation move to the upside.

NODKNeutralMedium ConvictionSignal-backedSecondary

Sprott Physical Uranium Trust is showing a small down candle but maintains a larger bullish pattern breaking to the upside.

FUTUBullishMedium ConvictionSignal-backedSecondary

Newcastle coal futures are consolidating sideways below resistance, with the expectation of a future upward break.

NIONeutralLow ConvictionSignal-backedSecondary

GDXJ is showing a similar pattern to GDX, with a slight pullback but still holding on.

ATIBullishMedium ConvictionSignal-backedSecondary

Platinum has broken out of its falling wedge and looks poised to move higher.

AGNeutralMedium ConvictionSignal-backedSecondary

Silver is looking okay, with the creator hoping for a break above resistance, but acknowledges a potential temporary dip into the 50s before an ultimate bottom.

Linked Signals

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