RENEWABLES: German Wind Output Forecast Comparison

• "*LEBLANC 'SURPRISED' BY REPORT CANADA, US NEARING TRADE DEAL" - bbg
• Follows the Globe & Mail report earlier today - had said a deal "could be ready for approval at APEC summit".
• Leblanc adds that it's overoptimistic to expect a trade deal in a few days, but is confident progress is being made. Meanwhile more work to be done. 

• Date $MM Issuer (Priced *, Launch #)
• 10/21 $5B #World Bank 5Y SOFR+38
• 10/21 $2B *Kingdom of Sweden 3Y SOFR+26
• 10/21 $1.25B Albertsons 5.5NC2, 8.5NC3
• 10/21 $Benchmark Alberta 10Y SOFR+85a
• 10/21 $Benchmark ASB Bank 5Y +90a, 5Y SOFR
• 10/21 $Benchmark Oman Electricity 5Y Sukuk
• 10/21 $Benchmark Kazakhstan 5Y +90a
• 10/21 $Benchmark GS Caltex 5Y +115a

• RES 4: 6850.87 1.618 proj of the Aug 1 - 15 - 20 price swing
• RES 3: 6831.38 2.500 proj of the Aug 20 - 28 - Sep 2 price swing
• RES 2: 6819.25 1.500 proj of the Aug 1 - 15 - 20 price swing
• RES 1: 6812.25 High Sep 9 and the bull trigger 
• PRICE: 6775.50 @ 14:35 BST Oct 21
• SUP 1: 6621.99 50-day EMA
• SUP 2: 6540.25 Low Oct 10 and a key short-term support 
• SUP 3: 6506.50 Low Sep 5 
• SUP 4: 6427.00 Low Sep 2 

A bullish theme in S&P E-Minis remains intact and the contract is trading above support at the 50-day EMA. The average, currently at 6621.99, has been pierced but remains intact - for now. Note that the Oct 10 low of 6540.25 marks the key short-term support. Clearance of this level would undermine a bull theme. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend. The bull trigger is 6812.25, the Oct 9 high.