The Day Ahead: AM Edition 2022-05-16

Equity indices attempting to hold the gains from late last week

Bonds

ZB has climbed a bit early today but is under resist at 140^14. At a decision point here. One path, the one I have a slight preference for, is a turn lower to make a better (B) or B low before rising again. The other path is that if over 140^14, the way opens for at least at retest of 141^00 and likely higher.

At a decision point

Crude Oil

CL extendin…