Free Trial

(H3) Northbound

BTP TECHS
  • RES 4: 120.00 Psychological round number
  • RES 3: 118.96 High Dec 7 and a key resistance
  • RES 2: 117.93 High Dec 13
  • RES 1: 117.38 Intraday high
  • PRICE: 116.53 @ 08:02 GMT Jan 18
  • SUP 1: 114.46/113.63 Low Jan 16 / 20-day EMA
  • SUP 2: 111.59 Low Jan 6
  • SUP 3: 110.77 Low Jan 4
  • SUP 4: 109.29 Low Jan 3

The current bull cycle in BTP futures remains intact and the contract traded higher Tuesday, breaching last week’s highs. Price has recently cleared the 20-day EMA and last week’s rally resulted in a break of the 114.00 and 116.00 handles. The acceleration higher signals scope for a climb towards 117.93, the Dec 13 high. On the downside, initial key support has been defined at 114.46, the Jan 16 low.

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.