Free Trial

TECHS: (Z0) Bullish Structure Intact

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 and the bull trigger
  • PRICE: 148.09 @ Close Sep 29
  • SUP 1: 146.98 Low Sep 22
  • SUP 2: 146.48 Low 20-day EMA
  • SUP 3: 146.16 Low Sep 21
  • SUP 4: 145.56 Low Sep 15 and key near-term support

BTP traded higher yesterday. Futures maintain a bullish outlook. Gains this month have confirmed a resumption of the underlying broader uptrend following a breach 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). On the downside, initial support is at 146.98, Sep 22 low.

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.