The Day Ahead: AM Edition 2022-07-06

Bonds rejected next minor resist

Bonds

ZB had brief spike this morning to the next minor resist at 142^05 before falling away and back under 141^19. Promising possible top for part or all of [IV]. Bears now need to see ZB spend time under 140^26 which may have to wait till after the FOMC minutes this afternoon.

Early in a (B) or [V] down

Crude Oil

CL came through with a thrust lower this m…