Free Trial

TECHS: (Z9) Closing In On 143.07 Support.......>

BTPS
BTPS: TECHS: (Z9) Closing In On 143.07 Support
*RES 4: 147.00 Round number resistance
*RES 3: 146.61 Contract high Sep 12 and bull trigger
*RES 2: 146.11 High Sep 25
*RES 1: 145.14 High Oct 16
*PRICE: 143.71 @ Close Oct 28
*SUP 1: 143.37 Low Oct 28
*SUP 2: 143.07 Low Sep 11 and key support
*SUP 3: 142.30 Low Aug 28
*SUP 4: 141.14 Low Aug 27
Z9 BTPS traded lower yesterday to signal once again a breakout of the past
months range and end the consolidative activity that has been in place since Sep
13. To provide a more meaningful bearish directional signal though, prices need
to trade below key support at 143.07, Sep 11 low. A break would confirm a
broader top and signal a reversal. Initial resistance is at 145.14. Key
resistance and the bull trigger though is at 146.61, Sep 12 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.