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Free AccessTECHS: (M0) Strong Bounce Off The Day Low......>
BTPS: TECHS: (M0) Strong Bounce Off The Day Low
*RES 4: 145.69 High Amr 27 high and key resistance
*RES 3: 145.00 Round number resistance
*RES 2: 144.00 High Mar 30
*RES 1: 143.74 High Jun 4
*PRICE: 143.08 @ Close Jun 4
*SUP 1: 141.08 Intraday low and key support
*SUP 2: 140.86/41 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
Yesterday's strong rally in BTPS off the day low resulted in a breach of 143.00,
Mar 28 / 29 high. The break confirms a resumption of the uptrend that has been
in place since the Apr 22 low. Also, futures are testing a Fibonacci projection
level at 143.45. This is the 0.50 projection of the Mar 18 - 27 rally off the
Apr 22 low. A clear break of this chart point would signal scope for gains
towards 145.00 and 145.69, the Mar 27 high. Key support is at 141.08.
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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.