The Day Ahead: PM Edition 2022-05-31
Promising drop in crude today as well as gold
Bonds
ZB dropped through 140^10 today and more to even put pressure on the daily moving averages. I’m penciling in this as the start of a (B) of [IV] down that should take bonds back down to the lower end of the range, something like 137^07 or 135^25. The very bearish alternate is the wave [IV] bounce is complete and now down in the early stages of [V] o…
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