(FMCN; NR/Bneg/B) Solid FY25 preliminary production and significant growth embedded in 2026-28 guid...
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RXF6/H6 129.5^ spread, sold the March at 73 in 2.25k.
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.
Some upside exposure sought in recent trade: