The Day Ahead: PM Edition 2021-08-09

Equities choppy, bonds may be working on the first impulse down, gold may have a low set

Aug 10, 2021

∙ Paid

Bonds

Nice to see ZB breaking under 164^13 and the daily moving averages today. Ideally bonds push lower so as to allow a retest of the moving averages from below for a wave [II]. Next minor support at 163^03.

Crude Oil

Also nice to see CL slip lower today to retest the July low. While lower would be great, I don’t think you can count on…

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