The Day Ahead: PM Edition 2022-05-16
Equity indices attempt to hold but have yet to beat key resist
Bonds
ZB looks like it needs to push lower in some degree of ‘b’ wave. Expect a higher low to form though not strictly required.
Crude Oil
Crude advanced today to next overhead resist at 114.93. There is some minor negative divergence on the RSI and just one day short of the next cycle inflection. I’m assuming a cycle high …
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