CAPITAL GOODS: ABB (ABBNVX A2/A/NR): 1Q25 Results
Credit neutral. See our earlier comment for details on the planned spin-off. * ABB reported revenue...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITIES: BNP single Stock Option
BNP (19th Dec) 74/60ps, sold at 4.55 in 2k.
EURIBOR OPTIONS: Put fly buyer
ERK5 97.6875/97.5625/97.4375p fly, bought for 1.75 in 6k.
COMMODITIES: Latest Recovery in WTI Futures Appears Corrective for Now
A bearish condition in WTI futures remains intact and the latest recovery appears corrective - for now. Recent weakness resulted in a breach of $70.20, the Feb 6 low. This confirmed a resumption of the downtrend that started Jan 15 and has paved the way for an extension towards $63.61 next, the Oct 10 ‘24 low. MA studies are in a bear-mode position, highlighting a dominant downtrend. Key pivot resistance to watch is $69.77, 50-day EMA. A clear uptrend in Gold remains intact and this week’s resumption of the uptrend reinforces current bullish condition. The yellow metal has delivered another all-time high and breached the psychological $3000.0 handle. Bulls have their sights on 3034.51 next, a Fibonacci projection. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Key trend support is at $2832.7, Feb 28 low.
- WTI Crude up $0.77 or +1.14% at $68.34
- Natural Gas down $0.03 or -0.75% at $3.987
- Gold spot up $26.42 or +0.88% at $3026.12
- Copper up $1.35 or +0.27% at $497.4
- Silver up $0.23 or +0.68% at $34.087
- Platinum up $2.32 or +0.23% at $1007.09
