The Day Ahead: PM Edition 2022-05-09
Bonds firmed up, crude moving lower
Bonds
Nice bounce in bonds after an initial thrust down. I think odds are good that this is the wave [III] low and thus now in the early stages of a wave [IV] bounce. Initial resist at 138^04 will probably take a day or two to push through. Best any reaction to 138^04 hold above 136^16 for a higher low.
Crude Oil
Nice drop in crude today …
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