Free Trial

TECHS:(M9) Bulls Fight Back *RES 4: 132.88.....>

BTPS
BTPS: TECHS:(M9) Bulls Fight Back
*RES 4: 132.88 High May 28 (continuation chart) 
*RES 3: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 2: 131.12 High April 12 
*RES 1: 130.32 High April 18 
*PRICE: 129.73 @ Close Apr 24 
*SUP 1: 129.03 Low Apr 23 
*SUP 2: 128.50 Low Apr 4 
*SUP 3: 128.29 Low Mar 13 
*SUP 4: 127.79/128.08 Low Mar 7/55-dma 
BTP futures recovered some of Tuesday's losses yesterday allowing bulls to now
target the April 18 high at 130.32 to regain the upper hand. Above here would
open the April 12 ytd high at 131.12 ahead of the 61.8% retracement at 132.24.
Bears look to yesterday's low at 129.03 with a break opening the April 4 low at
128.50. Below here would open a run at the March 7 low/55-dma at 127.79/128.08. 

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.