The Day Ahead: PM Edition 2021-08-19
Crude continues lower, DX holding better than I'd like in the short term
Bonds
The lower high hypothesis is under stress but still alive. ZB rose today which is not a surprise after testing the moving averages yesterday. Over 166^11 it is best to allow for a press higher to 167^10.
Crude Oil
Nice to see crude press lower today. Yes, trying to bounce a bit but not a problem as long as it stays unde…
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