The Day Ahead: AM Edition 2021-10-07
Crude springs back to life
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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