Free Trial

(M9) Threat of Disciplinary Action Weighs......>

BTPS
BTPS: (M9) Threat of Disciplinary Action Weighs
*RES 4: 134.20 Low Mar 5, 2018 (continuation chart) 
*RES 3: 132.88 High May 28, 2018 (continuation chart) 
*RES 2: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 1: 131.38 High May 27 
*PRICE: 129.66 @ Close May 27 
*SUP 1: 129.42/28 Low May 27/21 
*SUP 2: 128.35 Low May 15 
*SUP 3: 128.29 Low Mar 13 
*SUP 4: 126.70 Double top target 
BTP futures posted a false upside break yesterday as early gains gave way to
losses following a report Brussels is considering disciplinary action over
Rome's failure to rein in public debt. Prices dipped as low as 129.42 which now
acts as initial support ahead of the May 21 low at 129.28. Below here would
suggest a reversal towards the May 15 low at 128.35. Bulls need to recovery
yesterday's high at 131.38 to suggest a resumption of the broader uptrend. 

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.