Free Trial

TECHS: (H0) Bull Flag *RES 4: 148.88 3.236.....>

BTPS
BTPS: TECHS: (H0) Bull Flag
*RES 4: 148.88 3.236 projection of Jan 2 - Jan 10 rally from Jan 22 low
*RES 3: 148.54 Contract high Sep 12, 2019
*RES 2: 148.37 3.00 projection of Jan 2 - Jan 10 rally from Jan 22 low
*RES 1: 148.16 High Jan 31
*PRICE: 147.82 @ Close Feb 10
*SUP 1: 146.86 Low Jan 29
*SUP 2: 146.56 Low Jan 28
*SUP 3: 145.55 Low Jan 27 and gap low on daily chart
*SUP 4: 144.71 High Jan 24 and gap high on daily chart
H0 BTPS is unchanged and underlying conditions remain bullish following recent
strong gains. The break higher on Jan 27 confirmed a clear breach of key
resistance at 144.45, the Dec 12 high and the top of the range that had been in
place since Nov 26, confirming a bullish set up. The recent consolidation
appears to be a bull flag, reinforcing the underlying trend. Attention is on
148.54 next, the contract high from Sep 12, 2019. Support is 146.86, Jan 29 low.

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.