Free Trial

TECHS: (M0) Remains Vulnerable *RES 4:.........>

BTPS
BTPS: TECHS: (M0) Remains Vulnerable
*RES 4: 147.08 High Mar 6
*RES 3: 145.34 Low Mar 6
*RES 2: 144.89 High Mar 6
*RES 1: 144.08 High Mar 10
*PRICE: 142.60 @ Close Mar 10
*SUP 1: 141.47 Low Mar 9
*SUP 2: 140.95 High Dec 4 and gap low on daily shart (cont)
*SUP 3: 140.00 Round number support
*SUP 4: 139.53 Low Dec 3 (cont) and key support
BTPS futures crashed Monday closing sharply lower on the day. In spectacular
fashion, futures have retraced this year's entire rally and appear set to remain
under pressure near-term. A break of Monday's low of 141.47 would trigger a
fresh round of weakness and open the 140.00 handle. Price action is also likely
to remain extremely volatile, resistance is seen at Monday's 144.89 high.

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.