OIL PRODUCTS: World Gasoline Imports Rise Between September and December 2022

Jan-11 10:55




source: Vortexa

Historical bullets

OUTLOOK: Price Signal Summary - Oil Futures Remain Vulnerable

Dec-12 10:50
  • On the commodity front, Gold remains in an uptrend and recent weakness appears to have been a correction. The yellow metal recently breached $1786.5, the Nov 15 high and a bull trigger. Sights are on resistance at $1807.9, Aug 10 high that was pierced on Dec 5. A clear break would be bullish. Initial support is at $1761.8, the 20-day EMA.
  • In the Oil space, WTI remains vulnerable and the impulsive sell-off last week reinforces a bearish theme. The focus is on a move to test and break the psychological $70.00 handle. Key resistance is at $81.73, the 50-day EMA. Initial resistance is at the 20-day EMA, at $78.23.

DUTCH T-BILL AUCTION RESULTS: 2.5/4.5/5.5-month DTCs

Dec-12 10:43
Type 2.5-month DTC 4.5-month DTC 5.5-month DTC
Maturity Feb 27, 2023 Apr 27, 2023 May 30, 2023
Amount E640mln E650mln E550mln
Target E1-2bln E1-2bln E0-1bln
Previous E1.5bln E1.5bln E1.27bln
Avg yield 1.525% 1.900% 2.000%
Previous 1.350% 1.730% 1.950%
Bid-to-cover 1.41x 1.57x 1.6x
Previous 1.70x 1.70x 1.19x
Previous date Dec 05, 2022 Nov 07, 2022 Nov 21, 2022

OUTLOOK: Price Signal Summary - Gilt Futures Trend Needle Still Points North

Dec-12 10:38
  • In the FI space, Bund futures trend direction is up and the latest pullback is considered corrective. Resistance at 141.94, the Nov 24 high, has recently been breached and moving average studies have crossed, to highlight a bull mode condition. Potential is seen for a climb to 143.00. Firm support has been defined at 139.13, the Nov 28 low.
  • Gilt futures are consolidating but the trend outlook is bullish and a positive price sequence of higher highs and higher lows remains intact. The bull trigger for a continuation of gains is 107.06, the Nov 24 high. Initial firm support lies at 104.79, the Nov 30 low.