Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

TECHS: (M0) Resistance Cleared *RES 4:.........>

BTPS: TECHS: (M0) Resistance Cleared
*RES 4: 142.60 61.8% retracement of the Mar 27 - Apr 22 low
*RES 3: 142.41 High Apr 3
*RES 2: 141.90 High Apr 7
*RES 1: 140.82 High May 19
*PRICE: 140.25 @ Close May 20
*SUP 1: 137.60 Low May 15
*SUP 2: 136.86 Low May 13
*SUP 3: 135.43 Low May 8 and key near-term support
*SUP 4: 134.61 Low Apr 24
BTPS futures found support on May 7 at 135.43. The recovery off this level
marked a positive development and this week, the contract has confirmed a
resumption of bullish strength following a clear break above resistance at
139.77, Apr 30 high. The break higher opens 142.41, Apr 3 high and 142.60, 61.8%
retracement of the Mar 27 - Apr 22 low. On the downside, key support has been
defined at 136.86, May 13 low. Initial support is at 137.60, May 15 low.

To read the full story

Why Subscribe to


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.