Last night, JC Parets and I chatted at the CME Group’s NYMEX.
We backed up the lens and focused on Treasury futures and what a topping process looks like after a 30 plus year bull market in bonds. Its fascinating to watch this play out over an extended period and JC points out that 4% yield will be critical if and when we get that.
We also walked through weekly charts on Cocoa, which looks bullish here, and Gold.
Take a look:
$ZB_F $CC_F $GC_F