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The Day Ahead: AM Edition 2021-06-16

The Day Ahead: AM Edition 2021-06-16

Mild bias to up prior to the FOMC minutes

Jun 16, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-06-16
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Bonds

ZB is up into initial resist at 158^29 now. If they don’t like what the FOMC has to say, they could use this to push down from though I’m open to a deeper bounce to test 159^09 or 159^17.

Up against a shallow wave [II] target

Crude Oil

CL drifted back from 72.84 but bears can’t get excited till under 71.91. It looks like it can use at least small retr…

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