Free Trial

TECHS: (Z0) Approaches Key Resistance

BTPS
  • RES 4: 148.97 High Feb 13 (cont)
  • RES 3: 148.66 2.00 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 2: 148.27 Aug 20 high major high (cont)
  • RES 1: 148.17 High Sep 22
  • PRICE: 147.81 @ Close Sep 23
  • SUP 1: 146.98 Low Sep 22
  • SUP 2: 146.16 Low Sep 21
  • SUP 3: 145.56 Low Sep 15 and key near-term support
  • SUP 4: 144.96 Low Sep 9

BTP futures maintain a bullish posture. The contract traded higher again yesterday extending the most recent rally that started on Sep 8 low. Recent gains have confirmed a resumption of the underlying uptrend following a recent break of resistance at 146.21, Aug 19 high. The focus is on a key resistance at 148.27, Aug 20 high (cont) where a break would expose major resistance at 148.97, Feb 13 high (cont). 146.98 marks support.

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.