Free Trial

TECHS: (Z18) Break Of 100-DMA Solidifies.......>

BTPS
BTPS: TECHS: (Z18) Break Of 100-DMA Solidifies Uptrend 
*RES 4: 136.75 High May 16 (Continuation chart) 
*RES 3: 132.88 High May 28 (Continuation chart) 
*RES 2: 129.97 High July 19 (Continuation chart) 
*RES 1: 128.02 High July 17 
*PREVIOUS CLOSE: 126.62 
*SUP 1: 125.90 100-DMA 
*SUP 2: 124.25 55-DMA 
*SUP 3: 123.30 High Aug 22 now support 
*SUP 4: 120.47 Low Sep 3 
Yesterday's break back above the 100-dma has solidified the bullish trend and
suggests the July 19 high (continuation chart) is set to be tested. Above here
would trigger a large double bottom formation, shifting the medium-term outlook
bullish. Bears need to regain the 100-dma at 125.90 to open up support at the
55-dma, now coming in at 124.25. 

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.