US TSY FUTURES: OI Points To Another Round Of Long Cover On Tuesday
Dec-11 11:12
OI suggests that net long cover dominated during Tuesday’s downtick in Tsys, with that trend only broken by net short setting in FV futures.
- Long cover dominated in curve-wide terms for a second consecutive day, reversing much of the net long setting seen in the wake of Friday’s NFP release.
| 10-Dec-24 | 09-Dec-24 | Daily OI Change | OI DV01 Equivalent Change ($) |
TU | 4,278,907 | 4,319,871 | -40,964 | -1,609,967 |
FV | 6,046,059 | 6,023,704 | +22,355 | +964,671 |
TY | 4,433,900 | 4,450,684 | -16,784 | -1,104,382 |
UXY | 2,198,171 | 2,203,635 | -5,464 | -497,156 |
US | 1,847,191 | 1,849,355 | -2,164 | -286,141 |
WN | 1,758,515 | 1,763,821 | -5,306 | -1,087,849 |
|
| Total | -48,327 | -3,620,823 |
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
USD: Testing broader highs
Nov-11 11:11
- The Dollar sees further upside continuation, at a fresh high against the EUR, GBP, ZAR, CHF, CNH, CAD, NOK, and SEK.
- EURUSD is through the noted support of 1.0666, and next immediate downside level is now at 1.0650 Low May 1.
- Next support in Cable is seen at 1.2834 Low Nov 06 and the bear trigger.
OUTLOOK: Price Signal Summary - S&P E-Minis Bull Cycle Extends
Nov-11 11:04
- In the equity space, bullish conditions in S&P E-Minis remain intact and last week’s gains reinforce current conditions. A key short-term support has been defined at 5724.25, Nov 4 low. The move higher last week resulted in a breach of the bull trigger at 5927.25, Oct 17 high, confirming a resumption of the primary uptrend. The 6000.0 psychological handle has been pierced. Sights are on 6070.16, 1.382 projection of the Sep 6 - 17 - 18 price swing. Initial support is at 5927.25, the Oct 17 high.
- A bearish theme in EUROSTOXX 50 futures remains intact and last week’s fresh cycle lows reinforces current conditions, having confirmed a resumption of the bear cycle. The contract has pierced 4815.50, the 50.0% retracement of the Aug 5 - Sep 30 bull cycle. This exposes 4757.00, the Sep 6 / 10 low and a key support. Initial firm resistance has been defined at 5015.00, the Oct 29 high, where a break would highlight a reversal. First resistance is at 4904.53, the 20-day EMA.
BUNDS: Block trade
Nov-11 10:48
Bund block trade, suggest seller:
- RXZ4 2k at 132.29.
