TTF NATGAS TECHS: (H5) Bull Cycle Remains In Play
Feb-12 13:21
- RES 4: €61.73 - 2.00 proj of the Oct 31 - Nov 22 - Dec 16 swing
- RES 3: €60.00 - Round number resistance
- RES 2: €59.61 - 10% 10-dma envelope
- RES 1: €59.39 - High Feb 11
- PRICE: €55.19 @ 13:10 GMT Feb 11
- SUP 1: €52.12 - 20-day EMA
- SUP 2: €48.88 - 50-day EMA
- SUP 3: €43.32 - Low Jan 10
- SUP 4: €39.06 - Low Dec 16 and a key support
A bull cycle in TTF Gas futures remains intact. The positive start to the week reinforces current conditions. The break higher maintains the price sequence of higher highs and higher lows. Note too that moving average studies are in a bull-mode position, highlighting positive market sentiment. Prices are through €59.05, a Fibonacci projection, opening the €60.00 handle next. On the downside, initial firm support to watch lies at €52.12, the 20-day EMA.
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US TSYS: J.P.Morgan Recommend 5s10s Flatteners
Jan-13 13:17
Late Friday saw J.P.Morgan recommend “adding 5s/10s flatteners to fade some of this aggressive steepening, but to also act as a hedge to our long at the front end.”
- They think “some parts of the yield curve have steepened by more than would be expected. 5s/10s looks about 7bp too steep (regressed against 2-Year yields over the last 6 months), a move of more than 2 standard deviations.”
BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17
Jan-13 13:15
- BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17
STIR: Repo Reference Rates
Jan-13 13:11
- Secured Overnight Financing Rate (SOFR): 4.30% (+0.00), volume: $2.204T
- Broad General Collateral Rate (BGCR): 4.29% (+0.01), volume: $853B
- Tri-Party General Collateral Rate (TGCR): 4.29% (+0.01), volume: $837B
- (rate, volume levels reflect prior session)
