OIL: EIA Weekly US Petroleum Summary - week to May 10
May-15 14:32
- w/w change week ending May 10
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US TSY FUTURES: BLOCKs, Jun'24 5Y, 30Y Crosses
Apr-15 14:24
Separate FVM4 and USM4 Blocks crossed amid futures marking session lows in the last few minutes:
- 3,000 USM4 114-00, post time offer at 1015:00ET
- 5,000 FVM4 104-29.5, through 104-29.25 post time offer at 1012:47ET
- 3,000 USM4 114-02 buy through 114-00 post time offer at 1012:18ET
US 10YR FUTURE TECHS: (M4) Southbound
Apr-15 14:23
- RES 4: 110-12+ 50-day EMA
- RES 3: 110-06 High Apr 4
- RES 2: 109-02/26+ Low Apr 8 / High Apr 10
- RES 1: 108.25+ High Apr 12
- PRICE: 107-20 @ 15:10 BST Apr 15
- SUP 1: 107-16+ 2.50 proj of Dec 27 - Jan 19 - Feb 1 price swing
- SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
- SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
- SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing
The sharp sell-off in Treasuries last week and today’s extension, reinforces the current bearish cycle. The move down has confirmed a resumption of this year’s downtrend. Support at the 109-00 handle and 108-25, the 2.00 projection of Dec 27 - Jan 19 - Feb 1 price swing, has been breached. Sights are on 107-16+ nxt, a Fibonacci projection. Initial resistance has been defined at 109-25+, Apr 12 high. Key S/T resistance is 110-06, the Apr 4 high.
CROSS ASSET: US 10yr Yield is through 4.65%
Apr-15 14:14
- The US 10yr is edging through 4.65%, and FX Desks will be be watching USDJPY and the next resistance at 154.56 1.618 proj of the Feb 1 - 13 - Mar 8 price swing.
- Equities are now paring gains with a US Program seller, of 1369 names.
