Could the Trend in Commodities Be about to Change?
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Retirement Day Trader:
How to Sell Weekly Options for Steady Income
Over the past decades, Commodities(NYSEARCA:DBC) and Yields have shown weakness. The Commodity Index has managed to hold its Financial Crisis lows, while bond yields have followed a falling trend line lower.
BUT something very interesting happened this year: Both bottomed and reversed higher at the same time at each (1).
This might be nothing or it could be something! The Commodity Index is now trading near 5-year highs with bond yields on the rise. Perhaps this is a sign of better days ahead.
Are commodities about the “Let The Good Times Roll?” Stay tuned!