EM CEEMEA CREDIT: First Quantum (FMCN): FY Prelim. Prod’n and Guidance

Jan-16 08:43

You are missing out on very valuable content.

(FMCN; NR/Bneg/B) Solid FY25 preliminary production and significant growth embedded in 2026-28 guid...

Historical bullets

EGB OPTIONS: Bund Straddle Spread

Dec-17 08:43

RXF6/H6 129.5^ spread, sold the March at 73 in 2.25k.

BTP TECHS: (H6) Recovery Extends

Dec-17 08:23
  • RES 4: 121.33 High Oct 21 and a key resistance area 
  • RES 3: 121.37 High Nov 13 
  • RES 2: 121.24 High Nov 26 
  • RES 1: 120.34/77 Intraday high / High Dec 3   
  • PRICE: 120.28 @ 08:07 GMT Dec 17
  • SUP 1: 119.54 Low Dec 12           
  • SUP 2: 119.13 Low Dec 10 and the bear trigger 
  • SUP 3: 118.00 Round number support
  • SUP 4: 118.84 2.000 proj of the Nov 13 - 20 - 26 price swing 

Gains in BTP futures appear corrective. However, the contract has traded above initial resistance at 120.17, the Nov 20 low. A continuation higher would signal scope for an extension towards 120.77, the Dec 3 high. On the downside, a reversal lower would refocus attention on key support at 119.13, the Dec 10 low and a bear trigger. Clearance of this level would confirm a resumption of the downtrend.

US TSY OPTIONS: TY Calls Lifted

Dec-17 08:22

Some upside exposure sought in recent trade:

  • TYF6 113.50 calls paper paid 0-03 on ~4K over a few clips
  • TYG6 114.00 calls paper paid 0-10 on 2.5K over a couple of clips