Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Commodities Update After April Inflation Data

Written By: ChartChamp

May 15, 2024

USOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels.

GOLD Finds Support at the Green Zone

GOLD has rebounded off the green zone, and is starting to slowly trend up towards the red trendline. I have $2,567.50 as a key price target, but I think it will take some time to get there.

SLV Rallies back to $27.31

SLV had a strong rejection at $27.31, but successfully rebounded around $24. SLV has been showing a lot of bullish strength in an attempt to break through the $27.31 resistance target. I have $33.77 as the next key target after that.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Why I’m Investing in Silver Right Now

Let’s be honest—most people don’t wake up thinking about silver. But after diving deep into the numbers, I believe we’re sitting on one of the most overlooked investment opportunities of our time. With inflation eating away at savings, stock markets hitting new highs daily, and global uncertainty everywhere you look, investors are scrambling to find […]

Read More
Default Thumbnail

URA Continues to Trade Into Resistance

URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]

Read More
Default Thumbnail

SLV Approaching $27.29 Support

SLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp

Read More

Why I’m Investing in Silver Right Now

Let’s be honest—most people don’t wake up thinking about silver. But after diving deep into the numbers, I believe we’re sitting on one of the most overlooked investment opportunities of our time. With inflation eating away at savings, stock markets hitting new highs daily, and global uncertainty everywhere you look, investors are scrambling to find […]

Read More
Default Thumbnail

URA Continues to Trade Into Resistance

URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]

Read More
Default Thumbnail

SLV Approaching $27.29 Support

SLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp

Read More