The Day Ahead: AM Edition 2021-07-19

Equities continuing the Friday downdraft. Crude also weak

Jul 19, 2021

∙ Paid

Bonds

ZB up this morning but could be made up of three wave moves suggesting an ending diagonal. If this high is III, support for IV at 164^13 and 163^25.

Crude Oil

CL under pressure today and chances of being in the early stages of (a) down are going up. Prefer any short term bounce hold under 67.91 or 68.70 and CL push for 65.25.

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