The Week Ahead: 2022-05-08
Expect bonds to try to firm up this week
Bonds
ZB fell through 138^20 last week to test 136^17. Despite the weak performance last week, I still think the chances are high that we are due for a corrective bounce soon. Next supports are at 135^26 from a monthly chart (not marked on this weekly chart) and 135^05. Note that the is positive divergence on the cyclic smoothed RSI and that the dominant…
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