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The Day Ahead: AM Edition 2021-10-07

The Day Ahead: AM Edition 2021-10-07

Crude springs back to life

Oct 07, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-10-07
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Bonds

ZB wasn’t able to get past resist at 159^29 and has been heading lower. Heading lower in what? Perhaps we are just seeing the development of a complex (IV) where this leg is a ‘B’ which could easily make a new low. The alternative is they are still working on ‘V of (III)’. Relatively same short term outcome, the difference is the former be bearish …

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