The Day Ahead: AM Edition 2022-08-15

Oil traders worry about economic contraction and possible increased supply from Iran

Aug 15, 2022

∙ Paid

Bonds

ZB is running into resist at 141^29 this morning which could qualify as the first part of a wave (II) bounce. With the adaptive CCI testing zero and the Lomb Periodogram forecasting a local high, this could be a good place for a consolidation in ‘B of (II)’ to form. Bonds need not drop far; a sideways movement would be fine prior to a push for 143^…

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