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Posted by on in Market Reports

Thursday 12th of September 2013 as of 11:00 CET

Equity markets have seen a pretty strong rally off the Friday low’s and both the S&P500 and the Dax futures are testing key resistance levels this morning that I think will be hard to break through on the first test. The delay of action in Syria is pretty much just an delay and I think a strike could still happen and that would most likely be a short tem catalyst for a sell off.

Facebook shares are above 45 USD/share for the first time since the IPO. 

Coffee futures are again above the 1.20 level and I think we might have bottomed out in the coffee market.

Asian equity markets traded mixed overnight Nikkei 225 down 0.26%, Shanghai up 0.99% and S&P/ASX 200 up 0.16%

No major companies report earnings today.

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX closed at 13.82 last night and that is very much the lower end of the recent range since 16 of August. I think towards the 12 level it would be a decent long trade.

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1705

8345

109.74

550

1.3343

Res 2

1695

8280

108.81

532

1.3298

Res 1

1690

8500

108.39

523

1.3227

Sup1

1676

8141

107.56

488

1.3150

Sup 2

1668

8116

105.90

486

1.3060

Sup 3

1650

8086

104.21

469

1.2974

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1632

8152

100.03

541

1.3150

200 EMA

1582

7948

97.94

576

1.3073

14 Day avg. Volume

1558K

86K

165K

78K

185K

 

S&P 500 Emini futures – Closed above 1650 resistance level yesterday and now the chart looks more neutral/bullish and the next key level is 1663 that needs to be taken out to really open for a spike higher.  If 1663 is not taken out over the next sessions I see risk of a test of 1644 support near term.

Dax futures – The key resistance at 8265 is still the key level that needs to be taken out to rally higher. We have seen some decent support in the 8080 to 8130 region, but the volume has not been high enough, so I am not sure how solid that support level is?

Corn – Looking bullish above 488 today and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 107.15 and looks like a long on dips as long as the Syria situation is still in focus.

Euro – Looks bearish below 1.3250 now and next downside target is 1.3070 support.

Today’s Economic Calendar (CET):

14:30     US Weekly claims (332K)

15:00     FOMC member Dudley Speaks

               

Contact info:
Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

 

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Posted by on in Market Reports

Friday 6th of September 2013 as of 11:00 CET

Markets traded mostly sideways yesterday following the rally over the last few days. The key focus points today will be Syria and the US Nonfarm Payrolls report. The market is looking for +178K and employment rate of 7.4% on the NFP. A strong number above 200k will probably bring tapering back on the forefront and not sure that is good for equities. It looks like an attack on Syria is pretty likely and even though that might be a short lived attack; it cannot be a good thing to drive markets higher in my opinion. There is always a risk of potential spread of turmoil to other countries in the region if Syria is attacked.

Asian equity markets traded mixed overnight Nikkei 225 down 1.45%, Shanghai up 0.68% and S&P/ASX 200 up 0.05%

No major companies report earnings today.

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX closed at 15.77 last night.  

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1667

8345

109.74

550

1.3343

Res 2

1663

8280

108.81

532

1.3298

Res 1

1658

8265

108.39

523

1.3227

Sup1

1634

8141

107.56

488

1.3150

Sup 2

1625

8116

105.90

486

1.3060

Sup 3

1620

8086

104.21

469

1.2974

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1629

8152

100.03

541

1.3150

200 EMA

1571

7948

97.94

576

1.3073

14 Day avg. Volume

1558K

86K

165K

78K

185K

S&P 500 Emini futures – Closed above 1650 resistance level yesterday and now the chart looks more neutral/bullish and the next key level is 1663 that needs to be taken out to really open for a spike higher.  If 1663 is not taken out over the next sessions I see risk of a test of 1644 support near term.

Dax futures – The key resistance at 8265 is still the key level that needs to be taken out to rally higher. We have seen some decent support in the 8080 to 8130 region, but the volume has not been high enough, so I am not sure how solid that support level is?

Corn – Looking bullish above 488 today and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 107.15 and looks like a long on dips as long as the Syria situation is still in focus.

Euro – Looks bearish below 1.3250 now and next downside target is 1.3070 support.

Today’s Economic Calendar (CET):

14:30     US Nonfarm payrolls (178K)

19:30     FOMC member George Speaks

All Day G-20 Meeting   

 

Contact info:
Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

 

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Posted by on in Market Reports

Thursday 5th of September 2013 as of 11:00 CET

Strong bounce into the close yesterday on both the S&P500 and Dax futures as early selling dried up and buyers stepped in. S&P500 futures took out key resistance at 1650 and the daily chart now looks more neutral to bullish.  The ECB is expected to keep rates at 0.50% today and the most interesting part will be what Draghi says on outlook going forward. The next major move will all depend on the ECB press conference today and how tomorrow US nonfarm Payrolls data comes out. The market is looking for +181K and employment rate of 7.4% on the NFP.

Asian equity markets traded mixed overnight Nikkei 225 up 0.08%, Shanghai down 0.38% and S&P/ASX 200 down 0.37%

No major companies report earnings today.

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX closed at 15.88 last night.  

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1667

8345

109.74

550

1.3343

Res 2

1663

8280

108.81

532

1.3298

Res 1

1658

8265

108.39

523

1.3227

Sup1

1634

8141

107.56

488

1.3150

Sup 2

1625

8116

105.90

486

1.3060

Sup 3

1620

8086

104.21

469

1.2974

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1629

8152

100.03

541

1.3150

200 EMA

1571

7948

97.94

576

1.3073

14 Day avg. Volume

1558K

86K

165K

78K

185K

 

S&P 500 Emini futures – Closed above 1650 resistance level yesterday and now the chart looks more neutral/bullish and the next key level is 1663 that needs to be taken out to really open for a spike higher.

Dax futures – The key resistance at 8265 is still the key level that needs to be taken out to rally higher. We have seen some decent support in the 8080 to 8130 region, but the volume has not been high enough, so I am not sure how solid that support level is?

Corn – Looking bullish above 488 today and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 105.90 and looks like a long on dips as long as the Syria situation is still in focus.

Euro – Looks bearish below 1.3250 now and next downside target is 1.3070 support.

Today’s Economic Calendar (CET):

13:45     ECB rate announcement  (0.50%)

14:15     US ADP report (181K)

14:30     ECB press conference

16:00     US ISM non-manufacturing (55.2)

16:30     US Crude Oil inventories (3.0M last time)

 

Contact info:
Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

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