MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H3) Bull Cycle Still In Play

BTP TECHS
  • RES 4: 116.46 76.4% retracement of the Dec 7 - Dec 30 bear leg
  • RES 3: 114.91 61.8% retracement of the Dec 7 - Dec 30 bear leg
  • RES 2: 114.00 Round number resistance
  • RES 1: 113.75 High Jan 9
  • PRICE: 113.37 @ Close Jan 10
  • SUP 1: 111.59/110.77 Low Jan 6 / Low Jan 4
  • SUP 2: 109.29 Low Jan 3
  • SUP 3: 108.36 Low Dec 30 low and bear trigger
  • SUP 4: 108.13 Low Sep 28 (cont) and a key support

The current bull cycle in BTP futures remains intact and the contract is trading at its recent highs. Price has cleared the 20-day EMA and sights are set on the 114.00 handle next. Clearance of this level would signal scope for a climb towards 114.91, a Fibonacci retracement. On the downside, initial firm support lies at 110.77, the Jan 4 low. Key support and the bear trigger has been defined at 108.36, the Dec 30 low.

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.