Free Trial

TECHS: (Z0) Defying Gravity

BTPS
  • RES 4: 148.16 1.764 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 3: 148.00 Round number resistance
  • RES 2: 147.86 1.618 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 1: 147.79 High Sep 22
  • PRICE: 147.74 @ Close Sep 22
  • 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 and continue to rally. The contract traded higher again yesterday extending the most recent rally that began off the Sep 8 low. Recent gains have also confirmed a resumption of the underlying uptrend following a break of resistance at 146.21, Aug 19 high. The focus is on 147.86 next and beyond that, 148.16, both Fibonacci projections. Initial support is seen at yesterday's low of 146.98.

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.