EU CONSUMER STAPLES: Barry Callebaut; 3Q (to May) results (x3)

Jul-10 14:13

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(BARY; Baa3 Neg/BBB- Neg) (equities -13%) On Financials: * Cocoa prices have increased +43% YTD ->...

Historical bullets

EQUITIES: Large EU Basic Resources Put Spread

Jun-10 14:13

Large long dated Basic resource Option ratio Put spread:

  • SXPP (21/12/29) 450/300ps 1x1.5, bought for 35.1 in 13.5k (13.5k x 20.25k).

BTP: Block trades

Jun-10 14:07

BTP Block trades, suggest sellers:

  • IKU5 ~1.72k at 121.23 and ~1.4k at 121.19.

GILT TECHS: (U5) Bull Cycle Extension

Jun-10 14:06
  • RES 4: 93.26 1.500 proj of the May 22 - 27 - 29 price swing
  • RES 3: 93.05 1.382 proj of the May 22 - 27 - 29 price swing     
  • RES 2: 93.00 Round number resistance
  • RES 1: 92.87 Intraday high   
  • PRICE: 92.83 @ Close Jun 10
  • SUP 1: 92.33/91.56 Intraday low / Low Jun 9 
  • SUP 2: 91.16/90.59 Low Jun 2 / Low May 29
  • SUP 3: 90.11 Low May 22 and the bear trigger   
  • SUP 4: 90.00 Round number support        

Gilt futures have resumed their short-term uptrend and this strengthens the current bullish theme, marking an extension of the breach of resistance at 91.87, the May 20 high. The climb signals scope for a continuation higher and sights are on the 93.00 handle next. Initial firm support to watch lies at 91.56, the Jun 9 low. A clear break of this level is required to signal a possible reversal.