Free Trial

TECHS: (Z18) Bears Regain Control *RES 4:......>

BTPS
BTPS: TECHS: (Z18) Bears Regain Control
*RES 4: 128.02 High July 17 
*RES 3: 127.70 High Sep 18 
*RES 2: 122.93 55-dma 
*RES 1: 121.70 High Oct 17 
*PREVIOUS CLOSE: 118.57 
*SUP 1: 118.39 Low Oct 9 
*SUP 2: 118.00 Channel bottom (continuation chart) 
*SUP 3: 117.87 Low May 8, 2013 (continuation chart) 
*SUP 4: 113.64 Low Jan 3, 2014 (continuation chart) 
BTP futures sold off again yesterday breaking back below 120 to bring the Oct 9
lows back into play. Below here opens the channel bottom on the continuation
chart at 118.00. Bulls need a break above Wednesday's high at 121.70 to suggest
a potential bullish reversal.

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.