SILVER TECHS: Sights Are On The Bull Trigger
Mar-13 08:05
- RES 4: $35.736 - 1.236 proj of the Feb 14 - Apr 12 - May 2 ‘24 swing
- RES 3: $34.903 - High Oct 23 and the bull trigger
- RES 2: $34.000 - Round number resistance
- RES 1: $33.397 - High Feb 14 and the bull trigger
- PRICE: $32.955 @ 08:04 GMT Mar 13
- SUP 1: $31.703/30.815 - 50-day EMA / Low Feb 28
- SUP 2: $30.691/29.704 - Low Feb 3 / Low Jan 27
- SUP 3: $28.748 - Low Dec 19 and bear trigger
- SUP 4: $28.446 - 76.4% retracement of the Aug 8 - Oct 23 bull cycle
Recent weakness in Silver appears to have been a correction and the latest recovery reinforces this theme. Key resistance and the bull trigger at $33.397, the Feb 14 high, remains exposed. Clearance of this level would resume the uptrend. Moving average studies are in a bull-mode set-up, highlighting a dominant uptrend. Key support to watch lies at $31.703, the 50-day EMA, and $30.815, the Feb 28 low.
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EU-BOND SYNDICATION: Dual tranche tap: 2.50% Dec-31 EU-bond / 3.25% Feb-50 Green
Feb-11 08:04
2.50% Dec-31 EU-bond
- Guidance: MS + 39bps area
- Size: E6bln WNG (MNI expected E4-6bln)
- ISIN: EU000A3L1DJ0
3.25% Feb-50 Green EU-bond
- Guidance: MS + 110bps area
- Size: E5bln WNG (MNI expected E4-6bln)
- ISIN: EU000A3K4EU0
For both
- Settlement: 18 February 2025 (T+5)
- JLMs: Citi / DB / HSBC / Morgan Stanley (B&D/DM) / Societe Generale
- Timing: Books open, today's business
SONIA: Call Condor
Feb-11 08:03
SFIM5 96.15/96.25/96.35/96.45c condor, bought for 1 in 5k.
EGB SYNDICATION: Italy 15-year BTP: Books open
Feb-11 08:02
- Guidance: 4.15% Oct-39 BTP +9bps area
- Size: EUR benchmark (MNI expects E8-10bln)
- Maturity: 1 October 2040
- ISIN: TBC
- Settlement: 18 February, 2025 (T+5)
- Bookrunners: Barclays, Deutsche Bank, Intesa Sanpaolo, Morgan Stanley and Nomura
- Timing: Books open, pricing later today
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