MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BTP TECHS: (U4) Bullish Theme Exposes 120.00 

BTP TECHS
  • RES 4: 121.25 2.382 proj  of the Jun 11 - 21 - Jul 2 price swing
  • RES 3: 120.85 2.236 proj  of the Jun 11 - 21 - Jul 2 price swing
  • RES 2: 120.20 2.00 proj  of the Jun 11 - 21 - Jul 2 price swing
  • RES 1: 120.00 Psychological round number 
  • PRICE: 119.75 @ Close Aug 21
  • SUP 1: 118.94/118.16 20- and 50-day EMA values   
  • SUP 2: 117.36 Low Jul 26 
  • SUP 3: 116.07 Low Jul 8
  • SUP 4: 114.72 Low Jul 2

The medium-term trend in BTP futures remains bullish and the contract is trading closer to its recent highs. Resistance at 119.57, the Aug 2 high, has been breached and this confirmed a resumption of the bull cycle. The break opens the 120.00 handle next. Price remains above initial firm support at 118.94, the 20-day EMA. The 50-day EMA lies at 118.16. A clear breach of both EMAs would instead highlight a bearish threat and a potential reversal.

Fixed Income Technical AnalysisCEEMEAEurozoneItalyBulletGlobalFixed Income BulletsRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.