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Patrick Karim, technical analyst at Technical Traders Ltd, observes that bonds appear vulnerable to a potential decline, though no definitive move has been confirmed as horizontal support remains intact.
He points out that while the market may be signaling weakness, key support levels are currently holding.
Karim has previously forecast ambitious long-term targets, including his call for silver to surpass $800 and crude oil above $400 per barrel. He has also recently warned of the potential for mortgage rates to continue rising. His market views often focus on key technical levels and possible shifts in trend.