#gold #silver #platinum #investing
#uranium #update
#oil #naturalgas #investing #stockmarket #commodities
dollar sideways, yields higher, and gold looking strong still. Lots of commodities looking strong and moving higher with some momentum and with strong finishes.
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14 thoughts on “Commodities Update: Technical Analysis: BOOM Coming?”
We better crash, everyone is so sure it's coming, come on bears
I think the wedge formation on Oil is questionable.
HOWEVER, the downtrendline is legit – with WTI breaking out (similar to Commodity Index)
and Brent right on it.
First time I hear the 1:05 the batman patter 😉 Have a great w/e foxs Btw it has been pretty cold in Europe as lately lets go NG1🤠
Dollar looking at support @ 94ish. Huge cup and handle formation.
TNX shows multiple support currently. It’s been prone to bounce off this level. Several touches.
TYX looks the same.
TRJEEFFCB bouncing strong of support. Multiple strong positive bars/CANDLES.
Gold hitting a high
Silver can’t tell
Platinum looks positive. Lots of climax topping candles.
XAU/GOLD basing strong consolidation pattern. Could be manipulated to the upside.
GDX. Looks strong
SILJ not really that strong. Tentatively going up. Candles are weak on some sessions.
CL1! STRONG Trend line break
NG1! Manipulated lower
XOP can’t tell
OIH strong upside
URNM volatility is strong in that one
Currently losing in the ETF
TAN not yet.
COPX WHOA! Nice green candle strength
LIT and REMX May fake out
SPX neutral / sideways all depending on January barometer
Thanks Andy
Who wants to see Andy doing these daily market updates wearing a platinum cuban link chain and a cup of oil?
20:00
That would make sense; I noticed lumber jumped 25% this week (actually in one day).
Natural gas companies🔥🔥🔥🔥
You are correct sir homebuilder confidence went for the first in year. Additionally mortgage applications went up dramatically last week. Too many millennials to few homes.
Why would they want to slow down the housing market?
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Andy I’m no chartist but what do you think about the wedge pattern on JRNGF on the 1-year chart?
Great analysis today Andy.
Another 8.4 million barrel crude build up and a 3.3 million gasoline build up.
Considering we have China reopening, SPR stopped releasing, war in Europe and coming from several years of supply disruptions… your Oil and gas predictions were absolutely horrendously wrong.
The writing is on the wall… Once China initial demand stabilises prices will resume the down trend.
Let's also remind ourselves how you said month after month that capital would move out from general market and bonds to pile on to commodities…
Looks like the tide is lifting all boats like it always does, there's no paradigm shift. This is a bear market rally in all its glory.
Please let me remind you all again… Uranium companies are most of them a massive scam and will crash in an epic way.