CRB is coming into major resistance area and likely to reverse in the near future.
Implications beyond the obvious commodities are
Stronger dollar
Lower 10 Year Yield
A Solid breakout from the long term downward channel, would require a high base reversal Bull flag of sorts.
Build some kind of pressure followed by a breakout.
FYI I am not in the inflation camp.
Implications beyond the obvious commodities are
Stronger dollar
Lower 10 Year Yield
A Solid breakout from the long term downward channel, would require a high base reversal Bull flag of sorts.
Build some kind of pressure followed by a breakout.
FYI I am not in the inflation camp.
Comment:
We are seeing the resistance at this key area. How fast rates rise will be key in the days and weeks ahead.
Comment:
Commodities still struggling at long-term resisitacnce. 10-year rates have started to break down.
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