The Day Ahead: AM Edition 2022-01-25

A sideways day ahead of the FOMC tomorrow?

Jan 25, 2022

∙ Paid

Bonds

ZB fell to test support at 154^30 and has been advancing. Short term bulls need to recover 156^00 as first evidence that wave (C) of [II] up is underway.

Crude Oil

CL recovered 84.18 this morning and is pushing against a small extension up at 85.37. Over 85.37 should facilitate a push to a new high.

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