EU ENERGY SECTOR: ENERGY: What to Watch: Rig Counts & COT
Sep-13 07:19
- The latest Baker Hughes rig count data is due for release at 13:00ET. The US oil rig count last week held steady at 483 while the gas rig count fell further to the lowest since April 2021 at 94.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30ET. Money managers cut net long crude positions last week to a record low in data back to 2011 as global demand concerns and risk of a market surplus weigh on prices. ICE Gasoil net short positioning was the most bearish in more than eight years.
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SILVER TECHS: Key Support Remains Exposed
Aug-14 07:15
- RES 4: $35.226 - 50.0% of the Apr 2011 - Mar 2020 bear leg
- RES 3: $33.880 - 1.00 proj of the Jan 22 - Apr 12 - May 2 price swing
- RES 2: $32.518 - High May 20 and bull trigger
- RES 1: $28.872/31.754 - 50-day EMA / High Jul 11
- PRICE: $27.897 @ 08:12 BST Aug 14
- SUP 1: $26.451- Low Aug 8
- SUP 2: $26.018 - Low May 2 and a key support
- SUP 3: $24.328 - Low Mar 27
- SUP 4: $22.277 - Low Feb 28
A bearish cycle in Silver remains intact and recent weakness reinforces current conditions. The metal last week traded to a fresh short-term cycle low and this has exposed the next key support at $26.018, the May 2 low. A clear break of this level would strengthen a bearish theme. Initial firm resistance has been defined at $28.872, the 50-day EMA. A clear break of this average is required to highlight a possible reversal.
EURIBOR OPTIONS: Put Spread vs Call
Aug-14 07:13
2RU4 97.87/97.62ps vs 98.12c, trades 4 for the ps in 1.65k.
SONIA: Latest Option Trades
Aug-14 07:11
- SFIV4 95.55/95.45/95.35p fly traded for 2 in 1k.
- SFIV4 95.55/95.40/95.20p fly traded for 2.75 in 1k.
