The Day Ahead: PM Edition 2022-06-29

Did crude set a lower high today?

Jun 30, 2022

∙ Paid

Bonds

Bonds had a decent burst up today but I’m not confident that it has follow-through as they could easily flip down again for a (B) wave. Net, we are in a fourth and thus should expect it to be choppy.

Could still retest support in a few days

Crude Oil

Crude pushed up to test 113.50 today and was sold making this a wave [II] candidate. Now bears need to…

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