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Free AccessTECHS: (Z9) Bearish Outlook Intact *RES 4:.....>
BTPS: TECHS: (Z9) Bearish Outlook Intact
*RES 4: 143.93 High Nov 7
*RES 3: 143.07 Low Sep 9 and former breakout point
*RES 2: 142.56 High Nov 8
*RES 1: 142.51 High Nov 26
*PRICE: 141.29 @ Close Nov 29
*SUP 1: 140.84 Low Nov 29
*SUP 2: 140.24 Low Nov 14 and bear trigger
*SUP 3: 140.00 Round number support
*SUP 4: 138.83 Low Sep 19
Z9 BTPS bearish conditions remain intact and last weeks move lower signals a
potential resumption of the downtrend. The break of former key support at
143.07, Sep 11 low on Nov 11 confirmed a reversal and brought to an end a long
period of consolidation that had been in place since Sep 12. This break lower
remains relevant and scope is seen for a move to 140.00 next and 138.83, Sep 19
low. Key near-term resistance has been defined at 142.51, Nov 26 high.
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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.