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TECHS: (U0) Wednesday Dip Shortlived
- RES 4: 148.97 High Feb 13 (cont)
- RES 3: 148.32 High Mar 4 (cont)
- RES 2: 148.00 Round number resistance
- RES 1: 147.95 High Aug 5
- PRICE: 147.89 @ Close Aug 6
- 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, rallying right back to the top of the recent range to keep pressure on 147.95 and above. The 148.00 handle is well within reach as bulls look to cement a break. 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.
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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.