Free Trial

TECHS: (U18) Downtrend Intact *RES 4: 126.94...>

BTPS
BTPS: TECHS: (U18) Downtrend Intact
*RES 4: 126.94 Medium Term Pivotal 
*RES 3: 126.24 High Aug 8 
*RES 2: 124.78 Near-Term Pivotal 
*RES 1: 124.32 High August 14 
*PREVIOUS CLOSE: 123.16 
*SUP 1: 122.05 Low June 8 
*SUP 2: 121.02 Low May 30 
*SUP 3: 120.93 Channel Support 
*SUP 4: 118.34 Low May 29 
The Sep-18 BTP remains on its broad downtrend with the lows seen last week at
122.24 still very much in focus for the bears. Below here would bring the May 30
lows firmly into play. Bulls need to break above the August 14 high of 124.32 to
regain some breathing room and break the acute downtrend in place since
mid-July.

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.