MNI: BOJ Vigilant Against Price Upside Risks, More Hikes Ahead

MNI BRIEF: Canada Remains Willing To Tax Oil Exports To U.S.

CANADA STILL CONSIDERING TAX ON OIL EXPORTS TO US- OFFICIAL

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: TURKEY JAN CPI +5.03% M/M

MNI: AUSTRALIA DEC BUILDING APPROVALS +0.7% M/M, +12.2% Y/Y

MNI: AUSTRALIA JAN DWELLING APPROVALS +0.7% M/M

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BTP TECHS: (H5) Bear Cycle Extension

BTP TECHS
Fixed Income Technical AnalysisCEEMEAEurozoneItalyBulletMarketsFixed Income Bullets
  • RES 4: 123.34 High Dec 11 and key resistance     
  • RES 3: 122.85 High Dec 12  
  • RES 2: 121.94 High Dec 13  
  • RES 1: 120.45/120.79 High Jan 2 / 20-day EMA   
  • PRICE: 119.39 @ Close Jan 3 
  • SUP 1: 119.11 Low Nov 18        
  • SUP 2: 118.80 76.4% retracement of the Nov 7 - Dec 11 bull cycle  
  • SUP 3: 118.51 Low Nov 8
  • SUP 4: 117.40 Low Nov 7 and a key support      

The current bear cycle in BTP futures remains in play and Friday’s extension lower reinforces current conditions. The contract has recently breached the 20-day EMA and sights are on 118.80, a Fibonacci retracement point. Clearance of this level would strengthen the bearish theme. Key resistance and the bull trigger has been defined at 123.34, the Dec 11 high. Initial firm resistance is seen at 120.79, the 20-day EMA. 

139 words

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.
  • RES 4: 123.34 High Dec 11 and key resistance     
  • RES 3: 122.85 High Dec 12  
  • RES 2: 121.94 High Dec 13  
  • RES 1: 120.45/120.79 High Jan 2 / 20-day EMA   
  • PRICE: 119.39 @ Close Jan 3 
  • SUP 1: 119.11 Low Nov 18        
  • SUP 2: 118.80 76.4% retracement of the Nov 7 - Dec 11 bull cycle  
  • SUP 3: 118.51 Low Nov 8
  • SUP 4: 117.40 Low Nov 7 and a key support      

The current bear cycle in BTP futures remains in play and Friday’s extension lower reinforces current conditions. The contract has recently breached the 20-day EMA and sights are on 118.80, a Fibonacci retracement point. Clearance of this level would strengthen the bearish theme. Key resistance and the bull trigger has been defined at 123.34, the Dec 11 high. Initial firm resistance is seen at 120.79, the 20-day EMA.