Image Source: PexelsTradingLounge’s Commodity Market Update:Favorable trading opportunities persist in gold and silver; we maintain and expand our positions in these markets.Uranium shows upward movement in Wave 3, indicating a substantial bullish trend for long-term investment.Natural gas continues its downward trend, while crude oil prices face restraints due to Saudi Arabia’s strategy for higher prices.Our long trade in crude oil is now in a promising position with reduced risks.The USD DXY approaches its 61.8% retracement level, expected to find support. Yields could have reached a peak as TLT bonds show an inverse low.Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence – AFSL 317817
Source: tradinglounge.comVideo Length: 00:39:54Video Chapters
00:00 Bitcoin (BTC)
08:40 US Dollar Index, DXY
11:15 TLT Bonds. US Gov Bonds 10 Yr Yields
15:50 Precious Metals: Spot Gold / US Spot Silver / XGD and Gold Stocks US / ASX
25:19 Base Metals: XME ETF, Iron Ore, Copper. Uranium URA.
31:08 Energy: XLE ETF / Crude Oil / Natural Gas
40:15 EndMore By This Author:Elliott Wave Technical Analysis: Eli Lilly & Co.
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