The Day Ahead: AM Edition 2022-08-15
Oil traders worry about economic contraction and possible increased supply from Iran
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^…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.