EQUITY TECHS: E-MINI S&P: (M5) Bullish Price Sequence
May-29 13:38
- RES 4: 6124.00 High Feb 24
- RES 3: 6080.75 High Feb 26
- RES 2: 6057.00 High Mar 3
- RES 1: 6008.00 Intraday high
- PRICE: 5953.75 @ 14:27 BST May 29
- SUP 1: 5804.59/5734.85 20- and 50-day EMA values
- SUP 2: 5596.00 Low May 7
- SUP 3: 5455.50 Low Apr 30
- SUP 4: 5355.25 Low Apr 24
A bullish trend condition in S&P E-Minis remains intact. Today’s gains have delivered a print above 5993.50, the May 20 high and a bull trigger. The break confirms a resumption of the uptrend and maintains a price sequence of higher highs and higher lows. 6000.00 has been pierced, an extension would open 6057.00 next, the Mar 3 high. Key support lies at 5734.85, the 50-day EMA. A clear break of this average is required to highlight a reversal.
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EUR: Exchange traded Option
Apr-29 13:36
FX Exchange traded Option Covers the ECB's 5th June Meeting:
- EURUSD (6th June) 1.2200c, sold at 0.0010 in 1k.
GILTS: Yield Support In 10s Intact
Apr-29 13:29
Well-defined technical parameters remain in play in 10-Year yields.
- While the combination of the stabilisation in U.S. Tsys/broader risk sentiment and a more activist approach towards UK yields from the DMO & BoE has pushed the benchmark away from early April highs, key support levels remain intact.
- Last print: 4.482%
- Feb 28 low: 4.460%
- Trendline drawn off Dec ’21 low (4.411%)
- Feb 6 low (4.375%)
- Apr 7 low (4.363%)
Fig. 1: UK 10-Year Yield (%)
Source: MNI - Market News/Bloomberg
US TSY OPTIONS: 10Y Vol Sale
Apr-29 13:28
- -6,000 TYM5 111.75 straddles, 142 (imp vol 7.22%)
