The Day Ahead: PM Edition 2022-06-15
They took the 75 bps path
Bonds
ZB held 131^26 today and bounced. I’m penciling this in as the (V) of [III] low and now in the early stages of a wave [IV] bounce. Once over 132^29, expect a push for 135^04 or 136^13 in the first stage of [IV].
Crude Oil
Nice to see crude break under 118.00 today which is an important first step in getting a wave c down st…
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