Free Trial

TECHS:(M9) Bulls Target Range Highs *RES 4:....>

BTPS
BTPS: TECHS:(M9) Bulls Target Range Highs
*RES 4: 134.82 Low Jan 2, 2018 (continuation chart)
*RES 3: 132.88 High May 28 (continuation chart) 
*RES 2: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart) 
*RES 1: 130.95/131.12 High April 29/12 
*PRICE: 130.37 @ Close Apr 29 
*SUP 1: 129.01 Low Apr 25 
*SUP 2: 128.50 Low Apr 4 
*SUP 3: 128.29/35 Low Mar 13/55-dma 
*SUP 4: 127.79 Low Mar 7 
BTP futures extended Friday's gains yesterday but were unable to take out the
April 12 highs. The focus remains on the upside though with bulls looking for a
break above yesterday's high at 130.95 and the April 12 high at 131.12 to shift
the focus back to the 61.8% retracement at 132.24 on the continuation chart.
Bears now need a break back below 129.01 to suggest a downside break opening the
April 4 low at 128.50.

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.