Black Swan or Odd Duck at hand below???
Interest rates and Base metals had a very high degree of correlation until the first of June at (1) above. Since then, rates have fallen hard and DBB is up 30% in 4 months! Yields have for sure broken above a falling channel, DBB is testing resistance at the top of a bearish rising wedge.
I am not going to even attempt to explain what is happening here! Message from the patterns right now… As ODD as this Black Swan message might be….Short Bonds and Harvest Metals at (2) in the above chart!