The Day Ahead: AM Edition 2021-09-27
Bonds come through with lower but beware of a bounce
Bonds
Nice continuation lower this morning in ZB. I’m penciling in that move as the end of wave (III) and now in a wave (IV) bounce. Initial resistance for a bounce at 160^31 with a deeper retrace target at 161^20. The consolidation need not be very deep but should be choppy.
Crude Oil
Crude negating the small ending diagonal idea …
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