Patrick Karim: Long term yields test key breakout level as crude oil signals momentum

Patrick Karim: Long term yields test key breakout level as crude oil signals momentum
Long term yields near breakout level

Patrick Karim, technical analyst at Technical Traders Ltd, highlights anticipation over whether long term yields will close above a significant resistance line, confirming a potential monthly breakout.

Karim points out that crude oil futures contracts have been indicating the possibility of such a move for some time.

Karim has previously cautioned that a bounce in Strategy does not indicate a bullish reversal, noting the need for more definitive chart signals in his earlier analysis. He has also advised silver traders to wait for clear chart evidence before making decisions, according to a separate report. These views align with his current emphasis on technical confirmation in the markets.

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