Trial now
OPTIONS

Larger FX Option Pipeline

TECHS: (U0) Bullish Friday Close

BTPS
  • RES 4: 148.97 High Feb 13 (cont)
  • RES 3: 148.95 High Mar 4 (cont)
  • RES 2: 148.80 1.0% 10-dma envelope
  • RES 1: 148.16 High Aug 5
  • PRICE: 148.02 @ Close Aug 7
  • SUP 1: 146.37 Low Aug 3
  • SUP 2: 146.31 20-day EMA
  • SUP 3: 145.62 Low Jul 21
  • SUP 4: 144.92 Low Jul 20

BTPs shrugged off the Wednesday dip with ease, sharply across both the Thursday and Friday sessions to touch a new multi-month high on the continuation contract. This shifts upside target higher to 148.80 vol band resistance and 148.95 last seen on March 4th. MA and momentum studies remain bullish, which lends some support. Attention is on 148.32 next, high Mar 4 (cont). Initial firm support shifts lower to 146.37, Aug 3 low.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com