The Day Ahead: PM Edition 2021-09-27

Crude oil presses higher, bonds and Euro may still try a bit lower before a better bounce

Bonds

I’ve lower the degree labels of the earlier intraday chart to come in alignment with what I have on this daily bond chart. So allowing for a minor wave IV of (III) to develop before trying to stretch lower from 159^03 which would make for a more satisfying wave (III).

Prefer lower in wave (III)

Crude Oil

Crude extending higher today turning the advanc…