Free Trial
FOREX

USD bid is the early story of the day

EGB SYNDICATION

Finland 10y: Spread set

EGB SYNDICATION

France 15y Green OATei: Spread set

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(M1) Stalling Ahead Of Resistance

BTP TECHS
  • RES 4: 151.33 1.618 proj of the Feb 26 - Mar 3 - Mar 5 price swing
  • RES 3: 151.05 1.50 proj of the Feb 26 - Mar 3 - Mar 5 price swing
  • RES 2: 150.69 76.4% retracement of the Feb 12 - 26 sell-off
  • RES 1: 150.39 High Mar 11
  • PRICE: 149.50 @ Close Mar 29
  • SUP 1: 148.97 Low Mar 22
  • SUP 2: 148.36 Low Mar 18
  • SUP 3: 148.20 61.8% retracement of the Feb 26 - Mar 11 rally
  • SUP 4: 147.68 76.4% retracement of the Feb 26 - Mar 11 rally

BTP futures traded higher last week but have started this week on a softer note. Resistance is at 150.39, Mar 11 high with a pivotal level at 150.69, 76.4% of the Feb 12 - 26 sell-off. The recent focus has been on a resumption of bearish pressure and while resistance holds, the S/T risk still appears skewed to the downside. A breach of 148.36, MAr 18 low would reinforce this theme. On the upside, clearance of 150.39 would instead be bullish.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.