The Day Ahead: AM Edition 2021-05-20

Bulls buy the dip. Will it last? (Probably today and maybe tomorrow)

Bonds

Yesterday I surmised that perhaps there is more work to be done in (B) in bonds and we have our answer today, yes indeed there is. While above 157^01, bias is up to at least 157^11 and perhaps more to test 157^25.

Rising in (B) of [B]?

Crude Oil

Crude popped up over first resist at 63.00 but bears did come through by selling 64.00. So far we have a ne…