The Day Ahead: AM Edition 2022-07-12
Crude resumes its decline
Bonds
ZB is pushing up against resist for a lower high this morning at 140^05 and 140^47. Probably doesn’t move much today as they wait for the CPI number tomorrow morning. I favor a push lower in either (B) of [IV] or the next leg down in wave [V].
Crude Oil
CL fell under 101.60 early and continued to nearly test the July 6th low. I…
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