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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.
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(M2) Consolidation Mode
- RES 4: 149.22 High Dec 22 2021 (cont)
- RES 3: 148.00 Round number resistance
- RES 2: 147.93 High Jan 31 and key near-term resistance
- RES 1: 146.74 High Mar 1
- PRICE: 143.74 @ Close Mar 8
- SUP 1: 142.51 Low Mar 1 and a key near-term support
- SUP 2: 140.54 Low Feb 28
- SUP 3: 138.99 Low Feb 22
- SUP 4: 138.60 Low Feb 16 and the bear trigger
The BTP futures are consolidating and remain below recent highs. The short-term outlook remains bullish following strong gains on Mar 3 as the contract extended the retracement of the Jan 31 - Feb 16 downleg. Price has breached 145.73, 76.4% of the Jan 31 - Feb 16 downleg. This has opened 147.93 next, the Jan 31 high. A break of 147.93 would further strengthen the current bullish condition. Firm support is seen at 142.51, the Mar 3 low.
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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.