Free Trial

TECHS:(M9) Trend Of Higher Lows Intact *RES...>

BTPS
BTPS: TECHS:(M9) Trend Of Higher Lows Intact 
*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: 130.96/131.12 High May 2/April 12 
*PRICE: 129.67 @ Close May 9 
*SUP 1: 129.19 Low May 8 
*SUP 2: 129.01 Low Apr 25 
*SUP 3: 128.99 55-dma 
*SUP 4: 128.29/50 Low Mar 13/Apr 4 
BTP futures managed to hold above Wednesday's low yesterday keeping the trend of
higher lows intact. The focus remains on the downside though with a break below
129.19 opening the April 30 low at 129.67 ahead of the April 25 low at 129.01.
Bulls look to the May 2/April 12 highs at 130.96/131.12. A break above here
would improve the outlook opening the 61.8% retracement at 132.24 on the
continuation chart. 

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.