The Day Ahead: PM Edition 2021-07-07

Nearing the penultimate high for the year in the equity indices?

Jul 08, 2021

∙ Paid

Bonds

Another push higher in bonds today to test the 163^14 to 164^01 resistance range. I’m allowing for one more down/up sequence before finishing the impulse up from the late June low marked (IV) on the chart below. Support for a retrace at 162^17 and 161^28.

Prefer a tiny retrace before another high

Crude Oil

Another weak day in crude which is nice to se…

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