Free Trial

TECHS: (H0) Bulls Continue To Hold On *RES.....>

BTPS
BTPS: TECHS: (H0) Bulls Continue To Hold On
*RES 4: 145.05 2.236 projection of Dec 3 - Dec 4 rally from Dec 6 low
*RES 3: 144.68 2.00 projection of Dec 3 - Dec 4 rally from Dec 6 low
*RES 2: 144.44 High Nov 26 and primary resistance
*RES 1: 144.34 High Dec 13
*PRICE: 144.11 @ Close Dec 17
*SUP 1: 142.85 Low Dec 13
*SUP 2: 142.56 Low Dec 10
*SUP 3: 142.03 Low Dec 9
*SUP 4: 141.54/42 Low Dec 6 / Low Dec 3 and bear trigger
H0 BTPS bulls still remain in control with futures holding onto recent gains.
The recovery since Dec 6 has been viewed as a correction. However continued
gains now suggest price is likelier to extend the move higher and test key
resistance at 144.44, Nov 26 high. A break of this level would represent an
important short term bullish development and open 144.68 and the 145.00 handle.
Support is at 142.85, Dec 13 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.