Free Trial

TECHS: (U0) Uptrend Extends *RES 4: 144.00.....>

BTPS
BTPS: TECHS: (U0) Uptrend Extends
*RES 4: 144.00 Round number resistance
*RES 3: 143.76 2% 10-day MA envelope
*RES 2: 142.65 High Mar 26
*RES 1: 142.42 High Jun 16
*PRICE: 142.09 @ Close Jun 16
*SUP 1: 140.14 Low Jun 10 and key near-term support
*SUP 2: 139.18 Low Jun 4
*SUP 3: 138.84 Low May 25
*SUP 4: 137.87 Low May 20
BTPS futures remain bullish. Strong gains on Jun 4 confirmed a resumption of the
uptrend that has been in place since Apr 22 maintaining the current bullish
price sequence of higher highs and higher lows. Futures traded through 141.84,
Jun 4 high on Monday, reinforcing a bullish theme and opening 142.65 next, Mar
26 high. On the downside, key near-term support is at 140.14, Jun 10 low ahead
of 139.18, Jun 4 low.

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.