The Day Ahead: AM Edition 2022-06-15
Waiting for the FOMC at 14:00
Bonds
ZB is holding 131^11 and 131^31 which is a minor positive, but I can’t guarantee the wave [III] low is set. Over 133^18 should allow a wave [IV] bounce to start. If we need a new low, watch 130^17 and 129^17.
Crude Oil
Finally getting a bread under the trend line in CL this morning. Now that support at 118.60 has failed, ex…
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