Free Trial

TECHS: (M0) Focus Is On 139.77 Bull Trigger....>

BTPS
BTPS: TECHS: (M0) Focus Is On 139.77 Bull Trigger
*RES 4: 140.64 High Apr 14
*RES 3: 139.54/77 50-day EMA / High Apr 30 and bull trigger
*RES 2: 139.02 High May 5
*RES 1: 138.59 High May 11
*PRICE: 137.77 @ Close May 15
*SUP 1: 136.86 Low May 13
*SUP 2: 135.43 Low May 8 and key near-term support
*SUP 3: 134.61 Low Apr 24
*SUP 4: 132.61 Low Apr 22 and the bear trigger
BTPS futures found support on May 7 at 135.43. The recovery off this level
leaves the important near-term support at 134.61, Apr 24 low intact. Although
consolidating for now, the technical picture appears positive. However, to
confirm and reinstate a bullish theme price needs to clear resistance at 139.77,
Apr 30 high. A failure to hold above support at 135.43 would again leave 134.61
exposed ahead of the key support at 132.61, Apr 22 low. Bullish!

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.