The Day Ahead: AM Edition 2022-08-01

Crude bears keeping the forecast on track

Aug 01, 2022

∙ Paid

Bonds

ZB spiked up to test intraday resist at 144^28 this morning and is easing off a bit. Bears don’t have much to work with till under at least 143^25 and better 143^01.

Crude Oil

I certainly like seeing CL under pressure this morning and dropping under 96.20 but have to be careful as this is a retest of the low end of the recent range. Form will be imp…

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