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Patrick Karim: Global yields break out of multi-year consolidations
Patrick Karim, technical analyst at Technical Traders Ltd, notes that world yields are breaking out of multi-year consolidations.
He emphasizes that this move is occurring globally and is not limited to a single country.
Karim previously highlighted that a strong monthly close in crude oil and 30-year yields could prompt a breakout, according to a recent analysis. He also said gold is in an early phase of its cycle and could reach $20,000 before peaking, as detailed in a separate forecast. These views echo his focus on major asset trends and long-term technical shifts.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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