Free Trial

TECHS (U9): Key support lies at 132.88 *RES....>

BTPS
BTPS: TECHS (U9): Key support lies at 132.88
*RES 4: 136.00 Round number resistance
*RES 3: 135.45 1.00 Fibo swing projection of May 31-Jun 7 rally off Jun 12 low
*RES 2: 135.13 U9 contract high June 20
*RES 1: 134.44 High Jun 24
*PRICE: 133.52 @ Close June 25
*SUP 1: 132.88 Low Jun 25 and key support
*SUP 2: 132.10 Low Jun 18
*SUP 3: 131.45 Low Jun 14
*SUP 4: 130.50 Low Jun 12
U9BTPS remains in an uptrend. However, the candle pattern on Jun 20 is still
playing a role in highlighting a developing bearish threat. The pattern on this
day is a bearish engulfing reversal and with momentum in overbought territory,
this could develop into a more significant threat to the uptrend. Key trendline
support has been breached at 133.50 with yesterday's low of 132.88 marking a key
support today. A break of this latter level would threaten further weakness.

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.