Free Trial

TECHS: (U9) Key support defined at 137.03......>

BTPS
BTPS: TECHS: (U9) Key support defined at 137.03
*RES 4: 140.00 Round number resistance
*RES 3: 139.85 U9 contract high Jul 3
*RES 2: 139.07 High Jul 5
*RES 1: 138.47 High Jul 11
*PRICE: 137.91 @ Close Jul 11
*SUP 1: 137.03 Low Jul 10 and key support
*SUP 2: 136.88 High Jul 2
*SUP 3: 136.82 Trendline support drawn off the May 31 low
*SUP 4: 136.00 Round number support
U9 BTPS found support at 137.03 this week.The candle pattern that developed on
Jul 3 is a standard line and a continuation pattern. The retracement since the
high of Jul 3 has on a closing basis occurred within the body of this candle.
This development reinforces the likelihood the recent pullback is a correction.
If we are to see a deeper sell-off, a break of Wednesday's low is required that
would open trendline support at 136.82. Resistance is at 138.47.

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.