LNG: Tanker Signal Suggests Omani LNG Cargo to Atlantic Basin

Package in Bobl, selling out the Feb into March:

OEG5 118.5/119.25/119.75/122.00c condor vs 117.5/116.25ps.

VS OEH4 118/118.5cs vs 117.00p.

Bought the March cs for 5 and 6 in 13k.

Euribor Vol Buyer:

• ERJ5 98.00^, bought for 57.75 in 4k.

• In FX, the trend condition in EURUSD remains bearish and today’s strong gains are - for now - considered corrective. Last Thursday’s sharp sell-off reinforces current conditions and note too that moving average studies remain in a bear-mode position, highlighting a dominant downtrend. The 20-day EMA, at 1.0414, has been pierced. The next resistance to watch is 1.0458, the Dec 30 high. The bear trigger has been defined at 1.0226, the Jan 2 low.
• The sharp sell-off in GBPUSD last Thursday confirmed a resumption of the medium-term downtrend. The move lower maintains the bearish price sequence of lower lows and lower highs and note that moving average studies are in a bear-mode position, highlighting a clear downtrend. Today’s strong gains are - for now - considered corrective. Initial firm resistance is at 1.2562, the 20-day EMA. The bear trigger is 1.2353, the Jan 2 low.
• USDJPY continues to trade below its recent high. The trend outlook remains bullish. The recent breach of 156.75, the Nov 15 high, confirmed a resumption of the uptrend and has paved the way for a move towards 159.45, the Jul 12 high. Moving average studies are in a bull-mode position highlighting a dominant uptrend. Initial firm support is 155.89, the 20-day EMA.