Brent Jumps 7.8% As XLE Gains 7.7% And Oil Signals More Upside ~ Monday Market Moves
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Recording Date 8-14-2026. The S&P 500 gained 0.4% and looks like it may be breaking out of another bullish pennant, with a longer term measured target potentially reaching 8,200 to 8,300. At the same time, I see the U.S. dollar looking increasingly vulnerable while M2 money supply has expanded roughly 50% since COVID, which keeps monetary debasement front and center for me. Gold gained 0.9% and I believe the $3,950 area has become a major floor, although I expect some short-term cooling after the breakout. Silver gained 2.5%, but resistance inside its parallel channel has me leaning sideways to lower before the next bigger move.
Moving deeper into commodities, copper gained 0.3% and continues to respect a remarkably clean parallel channel, while uranium gained 0.9% and I believe its weak summer seasonality may finally be behind us. The biggest action came from energy, with WTI jumping 6.9%, Brent climbing 7.8%, and XLE surging 7.7%, and I still see room for oil to push higher if these bull flag setups continue working. Natural gas gained 2%, thermal coal rose 3.1%, met coal climbed 4.4%, and the coal ETF gained 3.7%, giving us several energy charts that are beginning to look constructive again. Platinum slipped 0.2% and palladium fell 3.8%, while nickel dropped 1.1% even though its developing inverse head and shoulders keeps my bias pointed higher for next week. I finish by looking at PICK and the major miners including Glencore, BHP, Rio Tinto, and Freeport McMoRan, where the short-term setup looks more cautious despite the potential strength developing underneath individual commodities.
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Key Insights in this episode
✅ Oil WTI jumped 6.9%, Brent 7.8%, and XLE 7.7%, keeping the energy trend bullish.
✅ Gold Gold rose 0.9%, with key support near $4,225 to $4,250 and a floor around $3,950.
✅ Uranium Uranium gained 0.9%, while Sprott's uranium trust traded at a 7.5% discount.
✅ Silver Silver climbed 2.5%, but channel resistance keeps my short term bias cautious.
✅ Coal And Gas Natural gas rose 2%, while met coal gained 4.4%, showing improving energy momentum.
✅ S&P 500 And Dollar The S&P 500 gained 0.4%, while the DXY stayed flat and looks vulnerable near its 200 day moving average.
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Chapters
0:00 S&P 500 Dollar VIX And Yields
4:03 Gold Breakout And Major Support Levels
8:42 Silver PSLV And Silver Miners
12:00 Copper And COPX Outlook
14:02 Uranium And Sprott Physical Uranium Trust
19:49 WTI Brent And Oil Stocks
23:02 Natural Gas And FCG
24:34 Thermal Coal Met Coal And Coal Stocks
26:14 Platinum And Palladium Outlook
27:52 Nickel And Major Mining Stocks
28:55 Final Thoughts And Premium Market Coverage
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