Mike McBLOOM 5.0 3 ideas

Cryptocurrencies, including Bitcoin, are lagging in performance relative to the stock market and are at a key resistance level; the space has excessive supply and only rises if the stock market rises.

Crude oil is now stuck in a new price range between $80 and $100 per barrel because if it rallies too high, it lowers GDP estimates and consumer spending, and the market expects the Strait of Hormuz blockade to be temporary.

Natural gas has been a leading indicator for crude oil, having spiked and then fallen sharply; a similar pattern is expected for oil, and natural gas prices are down significantly year-over-year.