Source Post

Commodities Update: Technical Analysis: OIL DOWN GOLD AND SILVER UP

The creator discusses commodities, the dollar, yields, and precious metals, noting that while short-term movements can be volatile, the longer-term trend for the dollar and yields is upward. This is expected to eventually drive crude oil prices higher, despite current downward pressure. Precious metals like gold and silver are currently benefiting from weaker dollar and yields but their future performance is uncertain.

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Tickers discussed in this post

MSTRNeutralLow ConvictionResearch Only

Micro Strategy is up 2.2%, but the creator offers no further commentary or conviction.

MOBullishMedium ConvictionSignal-backedSecondary

MO is up slightly and looks good, forming a flag pattern suggesting it is poised to move higher.

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