MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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: (Z4) Bull Cycle Extension

BTP TECHS
Fixed Income Technical AnalysisCEEMEAEurozoneItalyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 122.00 Round number resistance
  • RES 3: 121.32 2.618 proj  of the Jun 11 - 18 - Jul 1 price swing
  • RES 2: 121.04 2.500 proj  of the Jun 11 - 18 - Jul 1 price swing
  • RES 1: 120.99 HIgh Sep 12
  • PRICE: 120.59 @ Close Sep 12
  • SUP 1: 119.54/118.16 20-day EMA / Low Sep 2 and the bear trigger    
  • SUP 2: 118.00 Low Jul 29 
  • SUP 3: 116.21 Low Jul 9
  • SUP 4: 115.14 Low Jul 1

The medium-term trend condition in BTP futures remains bullish and this week’s gains reinforce this condition. The break higher has resulted in a breach of 120.34, the Sep 6 high. This confirms a resumption of the uptrend and extends the sequence of higher highs and higher lows. Sights are on 121.04 next, a Fibonacci projection. Initial firm support lies at 119.54, the 20-day EMA.

138 words

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.
  • RES 4: 122.00 Round number resistance
  • RES 3: 121.32 2.618 proj  of the Jun 11 - 18 - Jul 1 price swing
  • RES 2: 121.04 2.500 proj  of the Jun 11 - 18 - Jul 1 price swing
  • RES 1: 120.99 HIgh Sep 12
  • PRICE: 120.59 @ Close Sep 12
  • SUP 1: 119.54/118.16 20-day EMA / Low Sep 2 and the bear trigger    
  • SUP 2: 118.00 Low Jul 29 
  • SUP 3: 116.21 Low Jul 9
  • SUP 4: 115.14 Low Jul 1

The medium-term trend condition in BTP futures remains bullish and this week’s gains reinforce this condition. The break higher has resulted in a breach of 120.34, the Sep 6 high. This confirms a resumption of the uptrend and extends the sequence of higher highs and higher lows. Sights are on 121.04 next, a Fibonacci projection. Initial firm support lies at 119.54, the 20-day EMA.