Tough call but I still believe the downside is in favour esp. if we break 3.47.
Saw a bit of a bounce but pretty small and not being able to get over 3.60 means the bulls are still feeling the heat.
Under 3.47 again and lets see where it takes us. A failure to get and stay under 3.50 this week would be slightly positive but not holding my breath.
Whether you believe the issues around xredit metrics or not the fact is the market is still undecided.
good luck all
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- resistance at 3.50 or will we see 3.20
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