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The Day Ahead: PM Edition 2021-06-17

The Day Ahead: PM Edition 2021-06-17

Bonds surge, DX up, Gold down.

Jun 18, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: PM Edition 2021-06-17
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Bonds

I was a bit surprised by the spike up today. I think it likely ephemeral as 160^12 was rejected and settled bay at prior resist of 159^22. First step in reversing back lower is a drop under 159^08.

Late in wave iv maybe even set today

Crude Oil

Nice drop in CL today under 71.48 to test 70.09. Next step for bears is to break under 68.70 at which point …

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