Mish’s Daily: Currencies, Metals and Soft Commodities

Mish’s Daily: Currencies, Metals and Soft Commodities

Written by Michele ‘Mish’ Schneider

For today, I am including a clip that covers currency pairs and several commodities.

Watch the clip HERE

The four-chart screen is a daily screenshot of gold (GLD), sugar (continuous contract), the US dollar to the Euro (USDEUR) and platinum continuous contract (PLAT).

Gold is falling from its recent highs.

Sugar has run into some resistance with momentum currently in mean reversion to the downside.

The Dollar to the Euro shows the dollar strengthening while its momentum has a bullish divergence.

Platinum, mirroring gold, also looks like some resistance is at hand. Have a listen to the clip as I go through the chart (futures) and give actionable information.

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Mish in the Media

CMC Markets Currencies and Commodities 05-10-23

Business First Am GME 05-10-23

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Business First AM 05-09-23

Daily Briefing Real Vision 05-09-23

Charting Forward StockChartsTV Panel 05-04-23

Will Yields Peak in May StockchartsTV The Final Bar 05-04-23

Your Daily Five StockchartsTV 05-04-23

Patience for This Stock Pick  05-01-23

Into Resistance – How To Trade It  05-02-23

Coming Up:

May 18^th Presentation for Orios VC Fund, India

May 19^th Real Vision Analysis

May 22^nd TD Ameritrade

May 31^st Singapore Radio with Kai Ting 6:05 PM ET MoneyFM 89.3

ETF Summary

S&P 500 (SPY) 23-month MA 420

Russell 2000 (IWM) 170 support – 180 resistance

Dow (DIA) Now below the 23-month MA

Nasdaq (QQQ) 329 the 23-month MA

Regional banks (KRE) 42 now pivotal resistance-holding last Thurs low

Semiconductors (SMH) 23-month MA at 124

Transportation (IYT) 202-240 biggest range to watch

Biotechnology (IBB) 121-135 range to watch from monthly charts

Retail (XRT) 56-75 trading range to break one way or another

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