Most Requested Symbols
| AEP American Electric Power Company, Inc. ($98.72) - Utilities/Electricity - AEP broke a double bottom at $98 to complete a bearish catapult. The move also violates the bullish support line, which had been in place since February 2024 and will drop the stock down to a 2 for 5'er trading in a negative trend. From here, support lies at current chart levels, while additional may be found at $90. |
| AU AngloGold Ashanti Limited (South Africa) ADR ($39.79) - Precious Metals - AU gave an initial sell signal Wednesday when it broke a double bottom at $39. The weight of the evidence remains positive as AU is a 4 for 5'er that ranks in the top quintile of the precious metals sector matrix. From here, the next level of support on AU's chart can be found at $32, where its bullish support line also currently sits. |
| DUK Duke Energy Corporation ($112.54) - Utilities/Electricity - DUK broke a double bottom at $112 to initiate a shakeout pattern. DUK has maintained a positive trend since November 2023 and shown superior near-term relative strength against the market and its peer group since the latter half of 2024, making the stock a 3 technical attribute. From here, the action point for the shakeout pattern would be upon a reversal back into a column of Xs, currrently at $118. The pattern would be complete upon the triple top break at $126, which would also mark a new all-time chart high. Support on the chart lies in the mid $100 range with the bullish support line residing at $104. |
| EGO Eldorado Gold Corporation ($17.36) - Precious Metals - EGO fell to a sell signal Wednesday when it broke a double bottom at $17.50. The technical picture for EGO remains marginally positive as the stock is a 3 for 5'er. From here, the next level of support in EGO's trend line, which currently sits at $16. |
| LLY Eli Lilly and Company ($721.72) - Drugs - LLY shares moved lower today to break a double bottom at $720 to mark its second consecutive sell signal. This 3 for 5'er has been in a negative trend since May but on an RS buy signal versus the market since August 2021. LLY shares are trading below the middle of their trading band with a weekly overbought/oversold reading of -38%. From here, support is offered at $712. |
| MRK Merck & Co., Inc. ($73.83) - Drugs - MRK shares moved lower today to break a double bottom at $75 to mark its second consecutive sell signal. This 1 for 5'er has been in a negative trend since July 2024 and on an RS sell signal versus the market since April 2021. MRK shares are trading near heavily oversold territory with a weekly overbought/oversold reading of -67%. From here, support is offered at $73, last seen in 2022. |
| SO The Southern Company ($84.97) - Utilities/Electricity - SO broke a double bottom at $84 for a second sell signal. This follows the stocks rallying and failing to penetrate resistance at $93 on three prior occassions. The move also violates the bullish support line, which violates a trend that had been in place for more than 12 months and will drop the stock down to a 3 for 5'er. From here, support lies at $83 and $81, the January 2025 chart low. |
Each week the analysts at NDW review and comment on all major asset classes in the global markets. Shown below is the summary or snapshot of the primary technical indicators we follow for multiple areas. Should there be changes mid-week we will certainly bring these to your attention via the report.
| Universe | BP Col & Level (actual) | BP Rev Level | PT Col & Level (actual) | PT Rev Level | HiLo Col & Level (actual) | HiLo Rev Level | 10 Week Col & Level (actual) | 10 Week Rev Level | 30 Week Col & Level (actual) | 30 Week Rev Level |
|---|---|---|---|---|---|---|---|---|---|---|
| ALL |
|
36% |
|
26% |
|
50% |
|
54% |
|
32% |
| NYSE |
|
50% |
|
36% |
|
56% |
|
64% |
|
36% |
| OTC |
|
32% |
|
22% |
|
50% |
|
52% |
|
30% |
| World |
|
38% |
|
28% |
|
|
|
54% |
|
36% |
Remember, these are technical comments only. Just as you must be aware of fundamental data for the stocks we recommend based on technical criteria in the report, so too must you be aware of important data regarding delivery, market moving government releases, and other factors that may influence commodity pricing. We try to limit our technical comments to the most actively traded contracts in advance of delivery, but some contracts trade actively right up to delivery while others taper off well in advance. Be sure you check your dates before trading these contracts. For questions regarding this section or additional coverage of commodities email james.west@nasdaq.com.
Data represented in the table below is through 5/13/2025:
Broad Market Commodities Report
Portfolio View - Commodity Indices
| Symbol | Name | Price | PnF Trend | RS Signal | RS Col. | 200 Day MA | Weekly Mom |
|---|---|---|---|---|---|---|---|
| CL/ | Crude Oil Continuous | 63.67 | Negative | Sell | O | 69.94 | + 1W |
| DBLCIX | Deutsche Bank Liquid Commodities Index | 456.51 | Negative | Sell | O | 459.59 | + 2W |
| DWACOMMOD | NDW Continuous Commodity Index | 976.18 | Positive | Buy | O | 909.00 | + 2W |
| GC/ | Gold Continuous | 3240.30 | Positive | Buy | X | 2777.34 | - 1W |
| HG/ | Copper Continuous | 4.68 | Negative | Buy | X | 4.38 | + 1W |
| ZG/ | Corn (Electronic Day Session) Continuous | 442.50 | Negative | Sell | X | 439.25 | - 2W |
Cryptocurrency Update
