The Day Ahead: PM Edition 2021-08-02

Crude and Equities struggle to hold on, bonds bid

Bonds

I have changed my count up from [B] which allows for at least a retest of the high if not a new high around 168^08.

Perhaps a new high in the next few days

Crude Oil

While I thought there would be some reaction against 74.17, this was more than I expected. Not a real problem though, ideally it holds here and advances again over the next week or two.