U.S. Steel Corp.’s stock fell more than 17% today after reports that President Joe Biden plans to prevent the company from merging with Japan’s Nippon Steel due to national security concerns. X is trading near a key yellow support level, and X could bottom out around $26.90. The price has dropped sharply so I would monitor $26.90 to see if the support level holds.
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Gold has performed extremely well over the past few months, and BTG is starting to show some bullish momentum near the lows. However, BTG is facing resistance in the green zone between $3.31 and $3.46. I would be careful for some downside after this rejection. If BTG starts to rebound I would monitor for a […]
Read MoreToday’s OPEC meeting is creating some uncertainty around oil prices, especially as tensions start to escalate in the Middle East. USOIL has lost support within this yellow channel, and now the yellow trendline is acting as resistance around $71. I think USOIL is still neutral below resistance, and would need to break above $71 to […]
Read MoreSLV has formed a bullish breakout above the yellow resistance line around $28, but there is little buy volume to help the price rally. Instead, SLV is experiencing a lot of red above $28 and is at risk of dropping back down. As I’ve said in the previous updates, I’m not bullish on SLV after […]
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Gold has performed extremely well over the past few months, and BTG is starting to show some bullish momentum near the lows. However, BTG is facing resistance in the green zone between $3.31 and $3.46. I would be careful for some downside after this rejection. If BTG starts to rebound I would monitor for a […]
Read MoreToday’s OPEC meeting is creating some uncertainty around oil prices, especially as tensions start to escalate in the Middle East. USOIL has lost support within this yellow channel, and now the yellow trendline is acting as resistance around $71. I think USOIL is still neutral below resistance, and would need to break above $71 to […]
Read MoreSLV has formed a bullish breakout above the yellow resistance line around $28, but there is little buy volume to help the price rally. Instead, SLV is experiencing a lot of red above $28 and is at risk of dropping back down. As I’ve said in the previous updates, I’m not bullish on SLV after […]
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