FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U2) Bullish Short-Term Outlook

BTP TECHS
  • RES 4: 125.11 High Jun 1
  • RES 3: 124.48 76.4% retracement of the May 26 - Jun 14 downleg
  • RES 2: 123.88 Low May 9 and a recent breakout level
  • RES 1: 122.80 High Jun 24
  • PRICE: 122.12 @ Close Jun 29
  • SUP 1: 119.81/118.60 Low Jun 28 / Low Jun 22
  • SUP 2: 115.72/113.78 Low Jun 16 / Low Jun 14 and the bear trigger
  • SUP 3: 113.22 3.764 proj of the May 12 - 24 - 26 price swing
  • SUP 4: 112.31 4.00 proj of the May 12 - 24 - 26 price swing

BTP futures maintain a bullish short-term tone. The contract traded higher last week and breached the 20-day EMA. The break continues to suggest potential for a stronger short-term correction and attention is on 123.88, the May 9 low plus a recent breakout level. Initial support to watch is at 118.60, the Jun 22 low. A break of this support would instead signal a short-term bearish reversal and the end of the current correction.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.