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TECHS: (M0) Consolidating But Remains..........>
BTPS: TECHS: (M0) Consolidating But Remains Bullish
*RES 4: 145.69 High Mar 27 and key resistance
*RES 3: 144.00 High Mar 30
*RES 2: 143.45 0.500 projection of Mar 18 - 27 rally from Apr 22 low
*RES 1: 143.00 High May 28 / 29 and the bull trigger
*PRICE: 142.02 @ Close Jun 2
*SUP 1: 141.24 Low May 27
*SUP 2: 140.50/24 20-day and 50-day EMA
*SUP 3: 139.64 Low May 20 and key near-term support
*SUP 4: 137.52 Low May 18
BTPS are consolidating but remains bullish. Futures found support on May 7 at
135.43. The recovery since has confirmed a bull cycle and on May 18/19 futures
confirmed a resumption of bullish strength following the break of resistance at
139.77, Apr 30 high. Momentum studies are also trending higher. The focus is on
144.00 next, Mar 30 high and a key resistance at 145.69, Mar 27 high. Firm
support lies at 139.64, May 20 low.
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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.