The Day Ahead: PM Edition 2022-04-07

Equity indices trying to climb out of the hole, crude and Euro soft

Apr 08, 2022

∙ Paid

Bonds

ZB moved lower to test the next wave [III] target at 144^09 today. I can’t rule out lower while under 145^04 but it is very late in the move and the cyclic smoothed RSI, at the top of the chart, is developing positive divergence. Also note that the dominant cycles are starting to turn up.

Crude Oil

CL leaned hard on the minimum tar…

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