OIL: G7 Could Lower Russia Oil Price Cap Without Trump: Reuters

Tsy quarterly futures roll volumes from June'25 to September'25 rather muted this morning, percentage complete 1-4% across the curve ahead the "First Notice" date on May 30. Current roll details:

• TUM5/TUU5 appr 7,5500 from -8.75 to -8.25, -8.5 last
• FVM5/FVU5 appr 15,700 from -3.5 to -3.25, -3.25 last
• TYM5/TYU5 appr 22,800 from -2.25 to -1.75, -2.0 last
• UXYM5/UXYU5 appr 2,100 from 3.25 to 3.75, 3.5 last
• USM5/USU5 appr 6,700 from 9.25 to +9.75, 9.5 last
• WNM5/WNU5 appr 500 from 5.5 to 5.75, 5.75 last
• Reminder, June futures won't expire until next month: 10s, 30s and Ultras on June 18, 2s and 5s on June 30. June Tsy options, however, expire May 23.

• RES 4: 6000.00 Round number resistance   
• RES 3: 5938.25 High Mar 4  
• RES 2: 5896.25 76.4% retracement of the Feb 19 - Apr 7 bear leg       
• RES 1: 5885.50 Intraday high                                 
• PRICE: 5869.00 @ 14:21 BST May 13 
• SUP 1: 5637.82/ 5599.73 50- and 20-day EMA values                        
• SUP 2: 5455.50 Low Apr 30 
• SUP 3: 5355.25 Low Apr 24
• SUP 4: 5127.25 Low Apr 21 and a key support 

A bullish trend condition in S&P E-Minis remains intact and Monday’s strong gains reinforce bullish conditions. The contract has pierced an important resistance at 5837.25, the Mar 25 high and a bull trigger. This strengthens the bullish theme, paving the way for a continuation near-term. Sights are on 5896.25, a Fibonacci retracement. Initial firm support to watch lies at 5637.82, the 50-day EMA.

Since Equity futures are close to where they were trading at pre US CPI, Cash Market should be set for mixed, circa flat start.

• Calls: SPX: 5,852.7 (+0.1%); DJIA: 42,245 (-0.4%/-166pts); NDX: 20,928.3 (+0.3%).