The Day Ahead: PM Edition 2022-08-15

Crude slips early but attempts to recover

Aug 16, 2022

∙ Paid

Bonds

ZB continued to bounce today and is testing initial resist at 141^22 now. I wouldn’t be surprised to see bonds try to push a little higher to test 143^02 or 144^00 before the next attempt to push lower to test 139^03.

Crude Oil

Crude was under pressure today and did make a minor new low under 87.30 before a bounce. I’m treati…

Keep reading with a 7-day free trial

Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.