A.M. Look 4/28/21

The specter of higher rates is having a deleterious effect on the metals.

Gold needs a 1760 print for a reversal on the 100X3.

Grain charts set up differently on the DC (K) and the ADC (N).

It’s hard to know if this is corrective and we get a mid-week low or have seen an intermediate high yesterday.

Soybeans/Brazilian Real topping pattern says you should be cautious and not trade in the middle.

We’ve seen patterns like this before. Lumber last week which has negated the pattern to make new ATH.

Indices have been trying these patterns since 2008 only to follow through once every couple of years for a trade.

GOOGL is up $124, making the early index trade a reflection of an enormous gap.

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