The Next Leg of the Commodity Trade 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Ricardo Sarraf.
This commodity cycle has followed a classic script, with precious metals leading, followed by industrial metals, and then Energy.
That progression typically extends into rates, making long yields, or short bonds, the next logical phase as inflation pressures build beneath the surface.
With yields tightly coiled just under resistance and volatility near multi-year lows, conditions are in place for a move that should be anything but subtle.
The Takeaway: Rising yields may be the next phase of the commodity trade.
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