COMMODITIES: Crude Rises, Copper Extends Gains Amid Supply Concerns

• Stocks remain mixed late Monday, inside session ranges while the tech-heavy Nasdaq still outperforms. Currently, the DJIA trades down 243.74 points (-0.51%) at 47327.76, S&P E-Minis down 2.75 points (-0.04%) at 6873 Nasdaq up 98.6 points (0.4%) at 23829.47.
• Consumer Discretionary and Information Technology sector shares continued to lead advances in the second half, Amazon.com +4.58%, Tesla +2.07% and Wynn Resorts +4.82% led the former, while IT supported by: Western Digital +5.75%, Micron Technology +5.28%, Seagate Technology +4.55%, Palantir Technologies +3.28% and NVIDIA +3.22%.
• Conversely, a mix of Consumer Staples, Materials and Financials sector shares led declines in late trade:
  • Kimberly-Clark -14.25%, Hershey Co -4.26%, Estee Lauder -2.66%, Colgate-Palmolive -2.19% and Kraft Heinz -2.16%.
  • International Paper -4.58%, PPG Industries -2.58%, Albemarle -2.52%, Dow -2.45% and Eastman Chemical -2.15%
  • Coinbase Global -4.07%, Arthur J Gallagher -2.25%, Fiserv -2.16%, Brown & Brown -2.06% and Erie Indemnity -1.99%
• Earnings expected after the close include: Qorvo Inc, Clorox, Navitas Semiconductor, Hims & Hers Health Inc, Palantir Technologies, Solaris Energy Infrastructer, Williams Cos, Vertex Pharmaceuticals and Comstock Resources.

• RES 4: 155.89 High Feb 3
• RES 3: 155.53 2.00% retracement of the Jan 10 - Apr 22 bear leg
• RES 2: 154.80 High Feb 12
• RES 1: 154.45 High Oct 30
• PRICE: 154.15 @ 16:27 GMT Nov 3 
• SUP 1: 153.27 High Oct 10
• SUP 2: 151.83 20-day EMA   
• SUP 3: 150.12 50-day EMA  
• SUP 4: 149.05 Low Oct 6 and a gap high on the daily chart 

Bullish conditions in USDJPY remain intact and the pair is holding on to last week’s gains. The break higher confirms a resumption of the uptrend and note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend.Sights are on 154.80, the Feb 12 high. First important support to watch lies at 151.83, the 20-day EMA. A pullback would be considered corrective.    

Monday's Europe rates/bond options flow included:

• 0RH6 97.87/97.75/97.68/97.56p condor, bought for 2.5 in 4k
• SFIX5 96.20/96.15ps, sold at 1.25 in 3k
• SFIZ5 96.35/96.45cs, bought for 1.25 in 2k
• SFIZ5 96.35/96.50cs vs 0NZ5 96.70/96.90cs, bought the mid for 4.25 in 10k
• SFIH6 96.60c vs SFIM6 96.70c, bough the June for 5 in 4k
• +5k 0NZ5 96.70/96.90 cs vs -5k SFIZ5 96.35/96.50 cs, pays 3.75 to Buy the 0NZ5 cs (bull flattener)