The Day Ahead: AM Edition 2021-07-21

Equities trying to keep the bounce alive, crude oil in a bounce

Jul 21, 2021

∙ Paid

Bonds

ZB starting off weak today which could be part of the first impulse down from the high. Maybe a tiny wave III here with initial support at 163^26 and next at 163^12. Bias is lower while under 165^28.

Crude Oil

CL bouncing as expected today but the amount of bounce makes the idea of a small degree fourth wave unlikely…

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