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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.
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Free AccessMNI ASIA OPEN: 25Bp Cut Still Expected From FOMC Wednesday
MNI ASIA MARKETS ANALYSIS: Ylds Climb to 3W Highs Ahead FOMC
(Z1) Bulls Hold On
- RES 4: 154.64 High Sep 22 / 23
- RES 3: 153.59 High Sep 24
- RES 2: 152.87 High Oct 1
- RES 1: 152.69 High Nov 8
- PRICE: 152.40 @ Close Nov 8
- SUP 1: 151.18/149.89 20-day EMA / Nov 3 low
- SUP 2: 148.14/147.12 Low Nov 2 / Low Nov 1 and the bear trigger
- SUP 3: 146.65 1.618 proj of the Sep 23 - Oct 6 - 14 price swing
- SUP 4: 146.12 1.764 proj of the Sep 23 - Oct 6 - 14 price swing
BTP futures are trading near recent highs. Gains last week confirmed the contract has established a short-term bull cycle. Attention is on 152.54, the Oct 14 high where a clear break would strengthen the current bullish theme - this level has been probed. Initial firm support is seen at 149.89, Nov 3 low. Key support has been defined at 147.12, Nov 1 low. The broader trend direction remains bearish though and recent gains are considered corrective.
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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.