The Day Ahead: PM Edition 2022-11-01

FOMC Eve

Nov 02, 2022

∙ Paid

Bonds

Bonds retested and rejected 122^20 yet again today. I still think it likely that ZB push lower for at least a higher low in (II or B) if not push for a new low. I prefer a drop under 119^29 to 118^11 at a minimum.

Bias lower to at least break under 119^29

Crude Oil

CL is now up against an initial target for (V) of [C] of ii of 89.95. If they push abov…

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