EU REAL ESTATE: Castellum (CASTSS): Consent Solicitation

TYZ5 111.50p, bought for '03 in 10k.

The latest recovery in WTI futures appears corrective for now, however, note that price has traded through resistance at the 50-day EMA, at $61.14. The breach of this average signals scope for a stronger recovery. A resistance at $62.34, the Oct 8 high, has been pierced. A clear break of it would expose key resistance at $65.77, the Sep 26 high. Key support and the bear trigger has been defined at $55.96, the Low Oct 20. Gold is trading lower as it extends the bear cycle that started Oct 20. Note that the trend is overbought and a deeper retracement is allowing this condition to unwind. Support at the 20-day EMA, at $4045.9, has been breached, signalling scope for a deeper retracement, towards the 50-day EMA, at $3838.2. Key resistance and the bull trigger has been defined at $4381.5, the Oct 20 high. Initial resistance is at $4161.4, the Oct 22 high.  

• WTI Crude down $1.2 or -1.96% at $60.07
• Natural Gas down $0.15 or -4.21% at $3.295
• Gold spot down $84.78 or -2.13% at $3901.9
• Copper down $6.85 or -1.32% at $510.1
• Silver down $1.18 or -2.51% at $45.7186
• Platinum down $54.93 or -3.46% at $1536.07

The trend condition in S&P E-Minis remains bullish and the contract traded higher Monday, as it started the week on a bullish note. The fresh cycle high confirms a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. The 6900.00 handle has been cleared, opening 6953.25 next, a Fibonacci projection. Initial firm support to watch lies at 6748.48, the 20-day EMA. The trend structure in Eurostoxx 50 futures is bullish. Monday’s fresh cycle high reinforces a bull theme and maintains the rising price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting a dominant medium-term uptrend. Sights are on 5727.18, a Fibonacci projection. First support lies at 5625.31, the 20-day EMA. 

• Japan's NIKKEI closed lower by 293.14 pts or -0.58% at 50219.18 and the TOPIX ended 39.18 pts lower or -1.18% at 3285.87.
• Elsewhere, in China the SHANGHAI closed lower by 8.721 pts or -0.22% at 3988.224 and the HANG SENG ended 87.56 pts lower or -0.33% at 26346.14.
• Across Europe, Germany's DAX trades lower by 74.47 pts or -0.31% at 24233.55, FTSE 100 higher by 5.5 pts or +0.06% at 9659.08, CAC 40 down 18 pts or -0.22% at 8221.18 and Euro Stoxx 50 down 15.51 pts or -0.27% at 5695.55.
• Dow Jones mini up 8 pts or +0.02% at 47720, S&P 500 mini down 0.5 pts or -0.01% at 6907.75, NASDAQ mini up 9.75 pts or +0.04% at 25973.25.