Free Trial

TECHS: (Z18) Edging Lower *RES 4: 127.70.......>

BTPS
BTPS: TECHS: (Z18) Edging Lower
*RES 4: 127.70 High Sep 18 
*RES 3: 125.71 Low Sep 24 now resistance 
*RES 2: 124.16 High Oct 1 
*RES 1: 122.68 55-dma 
*PREVIOUS CLOSE: 119.88 
*SUP 1: 117.77 Low Oct 19 
*SUP 2: 113.64 Low Jan 3, 2014 (continuation chart) 
*SUP 3: 108.60 Low Apr 10, 2013 (continuation chart) 
*SUP 4: 106.39 Low Jun 28, 2013 (continuation chart) 
The selloff from Monday's high continued yesterday as the 120 level gave way to
put Friday's low at 117.77 in focus once again. Bears look to break below here
to extend the downtrend to new multi-year lows, while bears look to recover the
55-dma, currently at 122.68, to arrest the downtrend and mount a recovery.  

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.