Free Trial

TECHS: (H0) Trading In A Range *RES 4:.........>

BTPS
BTPS: TECHS: (H0) Trading In A Range
*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: 144.45 High Dec 18 and bull trigger
*RES 1: 143.76 High Jan 10
*PRICE: 142.78 @ Close Jan 14
*SUP 1: 142.30 Low Jan 8
*SUP 2: 141.58 Low Jan 2
*SUP 3: 141.54/42 Low Dec 6 / Low Dec 3 and bear trigger
*SUP 4: 141.00 Round number support
H0 BTPS is unchanged and continues to consolidate with futures still trading
within the range that has developed since Nov 26. A break above last week's high
of 143.76 would open 144.00 and 144.45. The latter is the Dec 18 high and range
top. Key support lies at 141.42, Dec 3 low and also marks the range base. A
break would resume a bearish theme. Initial support however lies at 142.30 and
141.58.

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.