The Day Ahead: PM Edition 2022-04-18

Dollar Index due for a retrace

Apr 19, 2022

∙ Paid

Bonds

ZB pushed lower again today but is trying to stabilize against 140^19 support. I’m thinking we may need to see a (IV)-(V)-[IV]-[V] type move before bonds find a more significant low. This would imply a bounce to 142^19 or 143^31 before pushing to another low to finish off wave [III].

Crude Oil

CL poked above 107.00 today …

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