Free Trial
UK DATA

Key data releases this week

CROSS ASSET

Equities dip lower

US TSY FUTURES

BLOCK, 5Y Buy

EURIBOR OPTIONS

Put Condor

CORN TECHS

(N2) Primary Trend Still Up

FED

Williams Toes The Line

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
BTP TECHS
  • RES 4: 149.22 High Dec 22
  • RES 3: 148.02 High Dec 29
  • RES 2: 147.39 High Jan 3
  • RES 1: 146.80/90 High Jan 14 / 20-day EMA
  • PRICE: 145.67 @ Close Jan 17
  • SUP 1: 145.12 Low Jan 10 and the bear trigger
  • SUP 2: 144.90 2.618 proj of the Dec 6 - 18 - 14 price swing
  • SUP 3: 144.59 2.764 proj of the Dec 6 - 18 - 14 price swing
  • SUP 4: 144.00 round number support

The recent bounce in BTP futures appears to be a correction. A bearish trend remains intact with further weakness likely near-term. Futures recently cleared support at 148.25, Dec 1 low and the 147.36 former key support, Nov 24 low. Last week, the contract also traded below key support at 145.29, Nov 1 low. A clear break of this level would strengthen bearish conditions. Firm resistance is seen at 146.90, the 20-day EMA.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.