A.M. Look 5/11/22

Energy priced in Yuan held for another sizable rebound.
Oil can run out of steam either side of 105, depending on Chart.
Spoos have come back to yesterday opening.
Volatility should remain high.

Be patient for your opportunities today and be mindful of your  capital flows.

Commodity currencies are rebounding today.

Spoo/Bond 200 DMA has been in play over the past 2 sessions.
There is room for more rally.

I’m not sure which leg is going to lead!

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