FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

(M3) Remains Vulnerable

BTP TECHS
  • RES 4: 117.17 High Mar 24 and the bull trigger
  • RES 3: 115.92/116.97 High Apr 12 / 6
  • RES 2: 114.94 High Apr 13
  • RES 1: 114.57 20-day EMA
  • PRICE: 113.34 @ Close Apr 19
  • SUP 1: 113.09 Low Apr 19
  • SUP 2: 112.89 61.8% retracement of the Mar 2 - 24 rally
  • SUP 3: 111.88 76.4% retracement of the Mar 2 - 24 rally
  • SUP 4: 111.05 Low Mar 8

BTP futures remain in a bear cycle. The contract has recently breached support at 114.04, the Mar 31 low, strengthening a bearish theme. Attention is on 112.89, a Fibonacci retracement point. On the upside, initial firm resistance is at 114.57, the 20-day EMA. Key resistance is far off at 117.17, the Mar 24 high. A break above the 20-day EMA would highlight a potential bullish reversal.

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.