Free Trial

TECHS:(M9) 21-DMA In Focus *RES 4: 132.88.....>

BTPS
BTPS: TECHS:(M9) 21-DMA In Focus 
*RES 4: 132.88 May 28, 2018 (continuation chart) 
*RES 3: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 2: 130.96/131.12 High May 2/April 12 
*RES 1: 129.92 21-DMA 
*PRICE: 129.80 @ Close May 16 
*SUP 1: 128.73 Low May 16 
*SUP 2: 128.35 Low May 15 
*SUP 3: 128.29 Low Mar 13 
*SUP 4: 126.70 Double top target 
BTP futures have followed risk assets higher with the 55-dma giving way to bring
the 21-dma at 129.92 back into focus. Bulls look to take out this level to
return to the May 2/April 12 highs at 130.96/131.12, above which would open the
61.8% retracement of 141.19 - 117.77. For bears a break below yesterday's low at
128.73 is needed to regain control opening Wednesday's low at 128.35.

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.