The Day Ahead: AM Edition 2022-06-07

A morning bounce in equities, but does it last?

Jun 07, 2022

∙ Paid

Bonds

ZB tested the next target for a (B) wave low early this morning and has been climbing since. I’m penciling this in as early in a (C) wave bounce. Initial resist at 137^27 but expect higher to test 138^26 to 139^14 for ‘A of (C)’.

Crude Oil

Little real change in CL this morning as it is being held back by resist at 120.30 but not really breaking suppo…

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