Free Trial

TECHS: {U9) Potential Double-Top Still In......>

BTPS
BTPS: TECHS: {U9) Potential Double-Top Still In Play
*RES 4: 134.62 76.4% retracement of 139.82-117.77
*RES 3: 133.15 Projected channel top from May 15 low on continuation charts
*RES 3: 132.88 High May 28 2018
*RES 1: 132.14 U9 contract high June 7
*PRICE: 130.83 @ Close June 13
*SUP 1: 130.46 Low June 10
*SUP 2: 130.00 38.2% of 132.14-126.55
*SUP 3: 129.20 21-DMA
*SUP 4: 128.50/42 Low June 5, 55-dma
Potential double-top at 132.05/14 is still in play with daily studies continue
to ease from overbought levels. Initial support noted at 130.46 and break seen
extending correction lower to 130.00 -- the 38.2% retracement of the May to June
rally. Break below here is extending move to the 21-dma, which is today valued
at 129.20.

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.