ICE EUA FUTURES TECHS: (25) Bullish Outlook
Nov-27 13:36
- RES 4: €86.17 - 1.618 proj of the Oct 1 - 10 - 15 price swing
- RES 3: €85.00 - Round number resistance
- RES 2: €84.50 - High Jan 30 and a key resistance
- RES 1: €82.79 - High Nov 13 and the bull trigger
- PRICE: €81.91 @ 13:26 GMT Nov 27
- SUP 1: €78.99 - 50-day EMA
- SUP 2: €74.51 - Low Oct 1
- SUP 3: €71.31 - Low Aug 28
- SUP 4: €68.71 - Low Jun 30 and Key support
The medium-term trend condition in ICE EUA futures is unchanged, it remains bullish and the contract continues to trade closer to its trend highs. Recent gains delivered a print above the short-term bull trigger at €82.41, the Nov 4 high. A clear breach of this hurdle would confirm a resumption of the uptrend and open €84.50, the Jan 30 high and a key resistance. On the downside, support to watch lies at €78.99, the 50-day EMA.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SONIA OPTIONS: Call Spread buyer
Oct-28 13:27
SFIH6 96.90/97.00cs, bought for 0.75 in 1.5k.
EQUITIES: Focus turns to the US Cash Open
Oct-28 13:26
Given that the Nasdaq futures and the Emini are recording new record highs, expect Cash Markets to gap higher.
- Calls: SPX: 6,900.8 (+0.4%); DJIA: 47,888 (+0.7%/+343pts); NDX: 25,935.1 (+0.4%).
Microsoft is up 3.46% pre Open.
US: MNI POLITICAL RISK - Trump Bolsters Relations With Japan
Oct-28 13:24
Download Full Report Here
- President Donald Trump and Japanese Prime Minister Sanae Takaichi signed a minerals deal and a document purporting to offer more clarity on a USD$550 billion investment pledge.
- Vice President JD Vance will join the Senate Republican weekly lunch today, with Senate Majority Leader John Thune (R-SD) sceptical that one-off supplemental funding bills to pay troops and air traffic controllers is the optimum strategy to pressure Democrats to reopen the government.
- An adviser to the Chinese government expects the US to loosen export controls in return for rare earth concessions.
- Trump’s decision to impose sanctions on Russia’s two biggest oil companies, Lukoil and Rosneft, is already having an impact on the Russian economy.
- Argentinian President Javier Milei’s strong performance in Sunday’s midterm elections has bolstered the Trump administration's foreign policy strategy.
- Nvidia CEO Jensen Huang will deliver a keynote address to the Nvidia Artificial Intelligence Summit in Washington, DC, today.
- Senators Adam Schiff (D-CA) and Tim Kaine (D-VA) are unlikely to force a Senate vote this week on their war powers resolution, which would block further military strikes on Venezuelan drug boats without Congressional approval.
- Poll of the Day: There is still no sign that the US government shutdown is weighing on Trump’s approval rating. But that may change in the coming days as the shutdown extends beyond the November 1 cliff for SNAP benefits.
Full Article: US DAILY BRIEF
