BRENT TECHS: (Z5) Has Cleared Support
Oct-10 13:38
- RES 4: $76.82 - 2.382 proj of the Apr 9 - 23 - May 5 price swing
- RES 3: $75.43 - High Jun 23 and a bull trigger
- RES 2: $69.87/71.20 - High Sep 26 / High Jul 30 and key resistance
- RES 1: $66.58 - High Oct 9
- PRICE: $63.53 @ 14:27 BST Oct 90
- SUP 1: $63.27 - Intraday low
- SUP 2: $60.85 - Low May 30
- SUP 3: $58.50 - Low May 5
- SUP 4: $57.88 - Low Apr 9 and a key support
A bearish threat in Brent futures remains present and today’s move down reinforces the bearish theme. The break lower confirms a resumption of the downtrend - support at $64.00 has been breached. This also maintains the price sequence of lower lows and lower highs. Sights are on a move towards $60.85, the May 30 low. Initial firm resistance has been defined at $69.87, the Sep 26 high.
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EQUITIES: NASDAQ E-Mini Leads Way Higher Following Oracle Guidance
Sep-10 13:28
E-mini futures point to positive opens on Wall Street despite edging away from best levels. Oracle indicated ~35% higher pre-market after a guidance upgrade linked to the company’s cloud business outlook.
- S&P 500 e-minis: +0.52%
- NASDAQ 100 e-minis: +0.57%
- DJIA e-minis: unch
FED FUNDS FUTURES: BLOCK: Nov'25 FF Buy
Sep-10 13:25
- +12,000 FFX5 from 96.14 to -.145 at 0916:10ET
- The Nov'25 contract trades 96.145 last (+0.015)
PIPELINE: Corporate Bond Update: $3B IDA 7Y SOFR Launched
Sep-10 13:24
- Date $MM Issuer (Priced *, Launch #)
- 09/09 $3B #IDA (International Development Assn) 7Y SOFR+55
- 09/10 $3B #KFW 3Y SOFR+30
- 09/10 $1B Federal Home Loan 2Y +4
- 09/10 $900M K Hovnian Ent 5.5NC2.5, 8NC3
- 09/09 $Benchmark Komatsu Finance AM 5Y +95a
- 09/09 $Benchmark Saudi Aramco 5Y Sukuk +105a, 10Y +115a (books over $16.5B)
