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US EURODLR OPTIONS

Overnight Trade Recap

EGB OPTIONS

Schatz put fly

US TSY FLOWS

US 5s/30s makes another multi months low

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  • RES 4: $90.00 - Psychological round number
  • RES 3: $88.74 - 2.00 proj of the Aug 23 - Sep 3 - Sep 9 price swing
  • RES 2: $86.55 - 1.764 proj of the Aug 23 - Sep 3 - Sep 9 price swing
  • RES 1: $86.04 - High Oct 18
  • PRICE: $84.78 @ 06:55 BST Oct 20
  • SUP 1: $82.20/81.10 - Low Oct 13 / 20-day EMA
  • SUP 2: $79.08/78.75 - Low Oct 7 and key support / Low Oct 4
  • SUP 3: $76.51/75.42 - Low Sep 30 and key support / High Sep 15
  • SUP 4: $74.81 - Low Sep 23

The bull trend in Brent futures remains intact although currently, the contract is consolidating. The move higher marks a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Note too that the futures have recently cleared the $80.00 handle, an important psychological hurdle. The focus is on $86.55 next, a Fibonacci projection. Initial firm short-term support is seen at $82.20, Oct 13 low.