MNI BRIEF: Fed's Kugler Sees Renewed Progress On Inflation

MNI BRIEF: IMF Cuts Japan 2024 GDP View To +0.7% Vs. Apr 0.9%

CANADA JUNE CPI +2.7% YOY VS FORECAST +2.8%, PRIOR +2.9%

MNI BRIEF: All Options Open Next Meeting - BCB Deputy Galipolo

MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

MNI: US MAY BUSINESS INVENTORIES +0.5%; SALES +0.0%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

(H1) Resumes The Corrective Downleg

BTP TECHS
  • RES 4: 152.67 Trend high print, Jan 8 and the bull trigger
  • RES 3: 152.45 High Jan 11
  • RES 2: 152.14 High Jan 20
  • RES 1: 150.20 20-day EMA
  • PRICE: 150.31 @ Close Jan 21
  • SUP 1: 150.77 Low Jan 18
  • SUP 2: 150.00 Psychological round number
  • SUP 3: 149.64 Low Nov 12 (cont)
  • SUP 4: 149.09 Low Nov 11 (cont)

BTP futures traded sharply lower yesterday. The contract confirmed a top in the trend on Jan 8 at 152.67. The subsequent move lower saw the contract trade through both the 20- and 50-day EMAs, signalling scope for a test of support at 150.31, Dec 1 low. Yesterday's sell-off saw the contract breach 150.47, Jan 12 low and 150.31. This confirms a resumption of the current correction lower and opens 150.00. Initial resistance is 150.20, 20- day EMA.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.