Free Trial

TECHS: (Z18) Stuck In Range *RES 4: 129.97.....>

BTPS
BTPS: TECHS: (Z18) Stuck In Range
*RES 4: 129.97 High Jul 19 (continuation chart) 
*RES 3: 127.70 High Sep 18 
*RES 2: 125.71 Low Sep 24 now resistance 
*RES 1: 123.21 High Oct 29 
*PREVIOUS CLOSE: 122.11 
*SUP 1: 120.88 21-dma 
*SUP 2: 117.77 Low Oct 19 
*SUP 3: 113.64 Low Jan 3, 2014 (continuation chart) 
*SUP 4: 108.60 Low Apr 10, 2013 (continuation chart) 
BTP futures continue to trade between the 21-dma on the downside at 120.88 and
the Oct 29 high on the upside at 123.21. The level to give way first will likely
dictate the next trend, but for now the outlook remains neutral. Below the
21-dma would return the focus to the Oct 19 lows at 117.77, while a break above
the Oct 29 high would open the Sep 18 high.

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.