The Day Ahead: AM Edition 2021-04-19

Can bears come back in the equity indices in the afternoon?

Bonds

Difficult position here in ZB short term. Overall I’d like to see lower but it is dangerous to be short if 157^27 is recovered as it invites a retest of 158^15, maybe even another try at a new swing high.

[A] of iv may be in, not certain

Crude Oil

CL has been slipping away from the 63.86 to 64.03 resist zone but has yet to decisively break under 63.11…