Free Trial

TECHS: (M0) Bullish Focus *RES 4: 150.00.......>

BTPS
BTPS: TECHS: (M0) Bullish Focus
*RES 4: 150.00 Psychological round number
*RES 3: 149.53 High Feb 13 and the bull trigger
*RES 2: 149.25 High Feb 18
*RES 1: 148.95 High Mar 4
*PRICE: 146.89 @ Close Mar 5
*SUP 1: 146.26 Low Mar 5
*SUP 2: 146.11 Low Mar 3
*SUP 3: 144.86 Low Mar 2 and ket near-term support
*SUP 4: 143.83 Low Jan 24 (cont)
BTPS futures defined a low at 144.86 on Mar 2 and recovered impressively off the
low to reinstate a bullish focus. Attention turns to resistance at 149.25, Feb
18 high and the next hurdle. A break of this level would further reinforce the
bullish price structure and open the key bull trigger at 149.53, Feb 13 high. A
breach here confirms a resumption of the broader uptrend. The past 48hr pullback
is considered a correction. Key support is at 144.86.

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.