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Free AccessTECHS: (Z9) Consolidates but bulls still in....>
BTPS: TECHS: (Z9) Consolidates but bulls still in charge
*RES 4: 147.46 0.618 projection of Aug 19 - Sep 4 rally from Sep 11 low
*RES 3: 147.00 Round number resistance
*RES 2: 146.61 Contract high Sep 12
*RES 1: 145.64 High Sep 13
*PRICE: 144.97 @ Close Sep 19
*SUP 1: 144.21 Low Sep 13
*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 is unchanged, trading within its recently established minor range. The
bull trend remains intact following last weeks 146.61 high. Whether the latest
rally can be maintained still depends on support at 143.07, Sep 11 low. If
breached, this will signal the start of a correction. Bearish divergence between
price and momentum has developed, its relevance will increase if 143.07 is
breached. For now, the uptrend is firmly in place with the focus on 147.00.
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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.