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The Day Ahead: AM Edition 2021-05-06

The Day Ahead: AM Edition 2021-05-06

Optimism over the NFP prevails over initial weakness

May 06, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-05-06
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Bonds

I’m not sure what ZB is up to in the very short term. The idea of a lower high is certainly on the ropes. I suppose it is stuck between 158^27 and 157^29 till tomorrow morning. Over 158^27 leads to a spike toward 159^15. Under 157^29 invites a drop lower to 156^31 and likely lower later.

No strong opinion

Crude Oil

I like it that CL is putting stress …

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