Free Trial

TECHS: (M9) Politics Remain Key *RES 4:........>

BTPS
BTPS: TECHS: (M9) Politics Remain Key
*RES 4: 132.88 High May 28, 2018 (continuation chart)
*RES 3: 132.24 61.8% retracement of 141.19 - 117.77 (continuation chart)
*RES 2: 131.38 High May 27
*RES 1: 130.67 High May 30
*PRICE: 130.16 @ Close May 30
*SUP 1: 129.19 Low May 28
*SUP 2: 128.35 Low May 15
*SUP 3: 128.29 Low Mar 13
*SUP 4: 126.70 Double top target
Domestic politics and fiscal worry continue to dominate the outlook for BTPs,
although broader bullish moves in global core bonds have supported in recent
sessions. Bulls focus on a break above the recent intraday highs, before looking
higher. To the downside bears need a break below Tuesday's low before looking to
the month to date lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.