Patrick Karim: Crude oil and long-term yields show potential for a breakout

Patrick Karim: Crude oil and long-term yields show potential for a breakout
Crude oil and yields signal breakout risk

Patrick Karim, technical analyst at Technical Traders Ltd, highlights the potential for both crude oil and 30-year yields to move higher.

He notes that a strong monthly close above a resistance line could trigger a breakout in 30-year yields, calling this development significant for markets.

Karim has previously warned that the Federal Reserve may require urgent steps to manage the long end of the yield curve. In separate analysis, he stated he would only become more optimistic on silver if it achieves a monthly close above $95. Both comments reflect his focus on technical levels across different asset classes.

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