Commodities And Rates Are Trying To Breakout – At The Same Time
Chris Kimble | Oct 05, 2018 01:44PM ET
When it comes to assets in long-term bull markets, commodities and interest rates don't come to mind, as each has endured long-term bear markets. Could these long-term trends be coming to an end? It's possible.
The 2-pack above looks at Commodities ETF (NYSE:DBC) and the yield on the 10-Year note on a monthly basis over the past decade.
Each is trying to break out above resistance levels at the same time at each point (1). We haven’t seen this type of an attempt in years .
If these long-term trends are changing direction, numerous-out-of-favor commodity assets should–– do well going forward.
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