EGB OPTIONS: Bund Call Condor

Jan-22 08:04

RXH5 133.00/134.00/134.50/135.00c condor, bought for  18 in 1k.

Historical bullets

SILVER TECHS: Bearish Outlook

Dec-23 08:00
  • RES 4: $35.226 - 61.8% of the 2011 - 2020 major bear leg  
  • RES 3: $35.167 - 2.00 proj of the Aug 8 - 26 - Sep 6 price swing 
  • RES 2: $33.125/34.903 - High Nov 1 / High Oct 23 and the bull trigger
  • RES 1: $30.942/32.338 - 50-day EMA / High Dec 12                             
  • PRICE: $29.774 @ 08:00 GMT Dec 21  
  • SUP 1: $28.748 - Low Dec 19        
  • SUP 2: $28.446 - 76.4% retracement of the Aug 8 - Oct 23 bull cycle 
  • SUP 3: $27.686 - Low Sep 6 
  • SUP 4: $26.451 - Low Aug 8  

A bear cycle in Silver that started Oct 23 remains in play and last week’s move lower reinforces the trend condition. The metal has breached support at $29.642, the Nov 28 low. The break lower opens $28.446, a Fibonacci retracement. Note that moving average studies are in a bear-mode position highlighting a dominant downtrend. Key resistance has been defined at $32.338, the Dec 12 high. A break of this level would signal a reversal.

MNI: SPAIN Q3 FINAL GDP +0.8% Q/Q

Dec-23 08:00
  • MNI: SPAIN Q3 FINAL GDP +0.8% Q/Q
  • MNI: SPAIN Q3 FINAL GDP +3.3% Y/Y

EQUITIES: Negative Bias In Futures Into Open

Dec-23 07:55

Slight negative tilt for European & UK equities ahead of the cash open after Friday’s late pullback in the former. Ranges remain relatively tight.

  • Latest futures change vs. settlement below:
  • Euro Stoxx 50: -0.39%
  • DAX: -0.23%
  • CAC 40: -0.14%
  • FTSE MIB: -0.32%
  • SMI: -0.04%
  • FTSE 100: -0.24%