The Day Ahead: AM Edition 2022-05-10

Bonds still on track with the bounce, equity indices hit the resist for the day early and stumble

May 10, 2022

∙ Paid

Bonds

ZB has had follow-through higher this morning with the bounce that virtually guarantees that the wave [III] low is set and now in wave [IV]. Initial resist at 139^12 could be a speed bump but overall prefer ZB finding a way to bounce a little higher before the end of wave (A) of [IV]. Support at 138^06 and 137^04.

Crude Oil

The …

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