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(H2) Through Key Support

BTP TECHS
  • RES 4: 152.71 1.00 proj of the Nov 1 - 22 - 24 price swing
  • RES 3: 151.45 0.764 proj of the Nov 1 - 22 - 24 price swing
  • RES 2: 151.00 Round number resistance
  • RES 1: 149.47/150.66 20-day EMA / High Dec 6 and the bull trigger
  • PRICE: 147.30 @ 07:54 GMT Dec 30
  • SUP 1: 147.05 Low Dec 29
  • SUP 2: 146.94 Low Dec 27
  • SUP 3: 146.55 76.4% retracement of the Nov 1 - 22 rally
  • SUP 4: 145.29 Low Nov 1 and the bear trigger

BTP futures remain heavy following the pre-Christmas sell-off. The contract has breached support at 148.25, Dec 1 low as well as 147.36, the key support intersecting with the Nov24 low. The contract’s print at 146.94 narrows the gap with the 76.4% retracement of the Nov 1 - 22 rally at 146.55. Key resistance is at 150.66, the Dec 6 high. A clear break of this hurdle is required to reinstate a bullish theme and open the 151.00 handle.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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