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Eurodollar/SOFR/ Tsy Options Roundup


Corporate Issuance Over $60B/Wk

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(M1) Trading Higher

  • RES 4: $70.00 - Psychological round number
  • RES 3: $67.95 - High Oct 29, 2018
  • RES 2: $67.29 - High Mar 8 and the bull trigger
  • RES 1: $66.76 - High May 5
  • PRICE: $66.51 @ 06:44 BST May 18
  • SUP 1: $63.09 - Low May 13 and key near-term support
  • SUP 2: $62.31 - 50-day EMA
  • SUP 3: $60.61 - Low Apr 22 and key short-term support
  • SUP 4: $58.77 - Low Apr 12

WTI maintains a bullish tone and the contract is trading higher. Price action recently probed resistance at $66.15, Mar 15 high. A clear break would pave the way for a test of the key hurdle for bulls at $67.29, Mar 8 high. Clearance of this latter resistance would confirm a resumption of the broader uptrend. On the downside, firm near-term support has been defined at $63.09, May 13 low. A break would be bearish.

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