The Day Ahead: PM Edition 2022-03-24
A lower high in crude?
Bonds
ZB did make an attempt to reject 150^09 today which is a positive for the bearish forecast. Yes, it is getting oversold but lower would help fix the form. The cycles have enough time in this trough to accommodate at least one more low.
Crude Oil
Crude rejected 116.55 and dropped under 113.80 and thus is a candidate …
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.