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

(U3) Strong Reversal

BTP TECHS
  • RES 4: 117.60 High Jun 26 and the bull trigger
  • RES 3: 117.10 High Jun 29
  • RES 2: 116.50 76% retracement of the Jun 26 - Jul 11 sell-off
  • RES 1: 115.82 61.8% retracement of the Jun 26 - Jul 11 sell-off
  • PRICE: 115.42 @ Close Jul 13
  • SUP 1: 114.26/112.95 Low Jul 13 / 11 and the bear trigger
  • SUP 2: 112.48 Low May 29
  • SUP 3: 111.78 Low May 26 and a key support
  • SUP 4: 111.00 Round number support

BTP futures reversed course on Wednesday and rallied sharply higher yesterday. The climb has resulted in a break of the 20-day EMA at 114.95. A continuation higher would signal scope for a test of 115.82, the 61.8% retracement of the Jun 26 - Jul 11 sell-off. A break of this level would open 116.50, the 76.4% retracement point. Key support has been defined at 112.95, the Jul 11 low. A break would reinstate a bearish threat.

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.