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The Day Ahead: AM Edition 2021-05-05

The Day Ahead: AM Edition 2021-05-05

Feels like a choppy day

May 05, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-05-05
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Bonds

Nice to see ZB drop under 157^29 but it has recovered so not certain we have a lower high confirmed. Would be bears need ZB to again stall in the 157^29 to 158^08 zone and press under 156^31. With the NFP on Friday, I wonder if we are stuck till then.

Not clear the lower high is set

Crude Oil

CL is stalling just under the prior high and threatening to…

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