COM - Commodity Markets Setting Up For Powerful Multi-Week Uptrend (Technical Analysis)

2024-05-08 23:46:47 ET

Summary

• Multiple commodity markets are building large bases and are setting up in tandem for a powerful breakout.
• Energy (uranium, natural gas, solar), precious metals, and rare earths are the sub-sectors showing the most potential.
• I estimate that the breakout in commodities will take place in the next 2-3 weeks, and they will embark on durable multi-week uptrends.

There is a big opportunity shaping up in the commodity space on the long side, which, I believe, will catch many by surprise....

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