REFINING: Lindsay Refinery May Cease Operations in Coming Days
“LINDSEY REFINERY LIKELY ALREADY SCALED BACK CRUDE RUNS AFTER SHUTTING GASOLINE UNIT ON THURSDAY
REFINERY OPERATIONS MAY CEASE IN THE COMING DAYS IF GASOLINE UNIT DOES NOT RESTART
BRITAIN'S LINDSEY OIL REFINERY FACES SHUTDOWN WITHIN THREE WEEKS WITH CURRENT CRUDE IN STORAGE” [RTRS]
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US 10YR FUTURE TECHS: (U5) Testing Resistance
- RES 4: 112-04+ High May 2
- RES 3: 111-25 High May 7
- RES 2: 111-05+ High May 9
- RES 1: 111-02 High May 30, Jun 2 & 4
- PRICE: 111-00 @ 16:38 BST Jun 4
- SUP 1: 109-26/12+ Low May 29 / 22 and the bear trigger
- SUP 2: 109-09+ Low Apr 11 and key support
- SUP 3: 109-00 Round number support
- SUP 4: 108-25+ 0.764 proj of the Apr 7 - 11 - May 1 price swing
Treasury futures are holding on to the bulk of their recent gains. A dominant bear cycle remains in play for now, and recent gains still appear corrective. However, the contract has breached an important resistance at 110-23, the May 16 high. A clear breach of this level would undermine a bear theme and highlight a stronger reversal, exposing 111-05+, May 9 high. For bears, a resumption of weakness would refocus attention on 109-12+, May 22 low.
US TSY OPTIONS: Midday Update: Fading Post Data Rally
- over 13,400 FVN5 108.25 puts 24.5 ref 108-10.75
- 3,000 TYN5 107.5/109/110 1x3x1 broken put flys ref 111-01
- 1,200 USN5/USQ5 120 call spds 18 ref 113-08
- +30,000 TYN5 108 puts, 2
- +10,000 FVN5 109.5 calls, 4.5
FED: US TSY 17W BILL AUCTION: HIGH 4.205%(ALLOT 13.84%)
- US TSY 17W BILL AUCTION: HIGH 4.205%(ALLOT 13.84%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 33.76% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 4.02% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 62.22% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 3.13
