According to the ratio chart we should be close to a reversal here. If we do start rallying again it will take more spy to equal a share of the weat etf. After a long term base like this, the breakout rarely fails although a retest of the breakout is common.
As I said before, I think the inflation trade on AG commodities is about to start up again - regardless of what CPI says on Wednesday.
As I said before, I think the inflation trade on AG commodities is about to start up again - regardless of what CPI says on Wednesday.
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weat daily chart
