Avoid These 2 Commodities In 2023

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Lithium and Uranium are the commodities to avoid in 2023. Lithium has broken down technically and has plenty more potential to the downside. Uranium is a very popular commodity and the bulls tend to be overly enthusiastic. The uranium stock ETF, URA is close to breaking down. It is consolidating more bearishly at this point and is in trouble if it breaks below $18. It closed today at $20. The macrocycle is not favorable to energy stocks which tend to be a late cycle performers. Another leg lower in this bear market combined with a recession would hit energy stocks and uranium stocks also.

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