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SAMPLE: 21 Charts To Keep In Mind (21 - 24 December 2020)
Instruments Covered: US 10-Year Bond, Copper, Platinum, Platinum/Palladium Ratio, Iron Ore, Brent Crude Oil, DAX, Shanghai Composite, Absa, AECI, Mpact, Naspers, Imperial Logistics, Home Depot, Visa, Faro Technologies, JNJ, Iqvia, Genmark Diagnostics, Constellation Brands. Fixed Income US 10 Year Bond Yield - We've been banging the drum on higher interest rates from just under the 60bps level. Subsequently we saw the US10Y sell off (i.e. higher yields = lower bond prices) to test a multi-month high of 0.98% on 11 November. Since then, we have seen a sideways consolidation with resistance between 0.96% and 0.98% and support from 0.82% to 0.84%. Tracking performance from March 2020, we note the yield has developed a base formation with the aforementioned consolidation just above the 200-day simple moving average. Look for a break through the 0.99% level as a trigger for the next level higher. Commodities Copper | On Friday, the commodity tes...
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