MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(H3) Pullback Considered Corrective

BTP TECHS
  • RES 4: 120.73 0.764 proj of the Dec 30 - Jan 12 - 16 price swing
  • RES 3: 120.00 Psychological round number
  • RES 2: 118.96 High Dec 7 and a key resistance
  • RES 1: 117.53/118.56 High Jan 20 / 19
  • PRICE: 115.70 @ Close Jan 20
  • SUP 1: 115.51 Low Jan 20
  • SUP 2: 114.51/46 20-day EMA / Low Jan 16
  • SUP 3: 111.59 Low Jan 6
  • SUP 4: 110.77 Low Jan 4

The current bull cycle in BTP futures remains intact despite the move lower late last week - the pullback is considered corrective. Last week’s gains reinforce the short-term bullish condition and scope is seen for a test of key resistance at 118.96, the Dec 7 high. Clearance of this level would strengthen the case for bulls. On the downside, key short-term support has been defined at 114.46, the Jan 16 low. A break would alter the picture.

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.