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Free AccessResend - Remains Heavy
- RES 4: 151.98 High Feb 22
- RES 3: 151.31/33 50- and 20-day EMA zone
- RES 2: 150.60 High Feb 25
- RES 1: 150.02 High Feb 26
- PRICE: 149.80 @ Close Feb 26
- SUP 1: 148.72 Low Feb 26
- SUP 2: 148.37 Low Oct 22 and key support
- SUP 3: 148.08 200-dma (cont)
- SUP 4: 147.46 Low Sep 30, 2020 (cont)
BTP futures remain in a bear mode following last week's strong sell-off. Price has cleared support at 149.57, Jan 22 low adding further weight to the current sell-off. A break of Friday's low of 148.72 would trigger an extension lower towards 148.37, Oct 22, 2020 low (cont). Clearance of this level would open the 148.00 handle. On the upside, resistance is seen at 150.60, the Feb 25 high ahead of 151.31/33 zone, the 50- and 20-day EMA.
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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.