The Day Ahead: AM Edition 2021-06-22
Crude slowing, equity indices up prior to Powell speaking at 14:00
Bonds
ZB put some pressure on support at 159^20 and briefly broke under but quickly recovered. If you squint a little, you can see a possible five wave decline from the high. Recovering 159^20 is a short term negative for bears which should allow for a bounce, say 160^06 or 160^21. After the bounce, important that bears push ZB back under 159^20. An alte…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.