Free Trial

TECHS: (Z9) Rebounds *RES 4: 147.00 Round......>

BTPS
BTPS: TECHS: (Z9) Rebounds
*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: 144.72 @ Close Oct 22
*SUP 1: 143.77 Low Oct 21
*SUP 2: 143.25 50-day EMA
*SUP 3: 143.07 Low Sep 11 and key support
*SUP 4: 142.30 Low Aug 28
Z9 BTPS was firmer yesterday, negating Friday's sell-off that saw prices trade
below support at 144.04, signalling an end to the month long consolidation that
has dominated price action. To provide a more meaningful bearish directional
signal, prices need to trade below the key support at 143.07, Sep 11 low. A
break would confirm a broader top and also signal a reversal. Initial resistance
for now is at 145.14. Key resistance remains 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.