MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

(U3) Corrective Cycle Remains In Play

BTP TECHS
  • RES 4: 118.56 High Jan 19 and a key resistance
  • RES 3: 118.18 High Feb 2 (cont)
  • RES 2: 117.60 High Jun 26 and the bull trigger
  • RES 1: 116.86/117.48 High Jul 24 / 19
  • PRICE: 115.90 @ Close Jul 26
  • SUP 1: 115.65/09 20-day EMA / Low Jul 14 and a key S/T support
  • SUP 2: 114.26 Low Jul 13
  • SUP 3: 112.95 Low Jul 11 and the bear trigger
  • SUP 4: 112.48 Low May 29

BTP futures remain below 117.48, the Jul 19 high. Short-term bullish conditions are intact and the recent move lower is considered corrective. Attention is on the key hurdle at 117.60, the Jun 26 high. A resumption of gains and a break of this resistance would strengthen a bullish theme and open 118.18, the Feb 2 high (cont). Initial firm support to watch lies at 115.09, the Jul 14 low. A break would signal scope for a deeper pullback.

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.