Free Trial

TECHS (U9): Potential Inverted Hammer Candle...>

BTPS
BTPS: TECHS (U9): Potential Inverted Hammer Candle Noted
*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: 131.18 @ Close June 7
*SUP 1: 129.60 5-dma
*SUP 2: 128.47/50 21-dma, Low June 5
*SUP 3: 128.23 55-dma
*SUP 4: 127.46 Low June 3
Potential inverted hammer on candlestick charts noted along with divergence
signals on daily slow-stochastic study. Watching support at the 5-dma at 129.60
and break below here is seen extending pullback correction to 128.47/50, where
former is the 21-dma and the latter the June 5 low. Break below is seen
extending correction lower.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.