Futures Edge Show: Finance Unfiltered with Jim Iuorio and Bob Iaccino

Technical Analysis: Oil, Gold, Bitcoin & Stocks in a Volatile Market

Mar 3, 2026
A wide-ranging look at crude oil moves tied to geopolitical tension and key technical levels. Gold, silver and copper reactions and critical price lines get focused attention. Bitcoin’s bounce is dissected without claiming a breakout. Major stocks like Nvidia, Tesla, Oracle and GM are analyzed through technical setups and risk management in a choppy market.
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INSIGHT

Silver Still Technically Lagging Gold After Wholesale Dump

  • Silver lagged gold despite the geopolitical move because it has not closed above its 62.5% trigger and remains in a rollover zone between 50% and 62.5%.
  • Michael Arnold noted a rapid dump from ~94 to ~88 in minutes, suggesting concentrated selling rather than macro-driven conviction.
INSIGHT

Bitcoin Rallies Are Bounces Not A Confirmed Breakout

  • Bitcoin's recent rallies (≈4–6%) remain within a larger sideways bottoming pattern and have not yet broken out; key resistance sits near $70,500 with technical damage to bears only above ~$85,000.
  • Arnold said rallies reflect oversold bounces but do not confirm a major bull case yet; first realistic target on breakout is ~$74k.
INSIGHT

Copper Is Range Trading Between 563 And 610

  • Copper is range-bound between roughly 563 and 610; a daily close above 610 would suggest breakout while a break below 563 would favor further downside.
  • Michael Arnold recommended range-trading and watching for the 610 close to flip resistance into support.
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