Free Trial
OPTIONS

Expiries for Nov09 NY cut 1000ET (Source DTCC)

BONDS

USTs (very) briefly hit post-FOMC highs

US

Long-Term Deflation Expectations Rising?

EGB OPTIONS

Large Bund call spread lifted for 24

EURIBOR

EURIBOR FIX

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Bear Cycle Remains Intact

BTP TECHS
  • RES 4: 116.71 High Oct 4 and key resistance
  • RES 3: 115.70 High Oct 5
  • RES 2: 113.41 High oct 6
  • RES 1: 112.25 High Oct 12
  • PRICE: 111.63 @ Close Oct 24
  • SUP 1: 108.82 Low Oct 21
  • SUP 2: 108.13 Low Sep 28 and key support
  • SUP 3: 107.27 2.382 proj of the Aug 25 - Sep 1 - 8 price swing
  • SUP 4: 106.68 2.618 proj of the Aug 25 - Sep 1 - 8 price swing

The BTP futures trend condition remains bearish and short-term gains are considered corrective. The reversal from 116.71, Oct 4 high, signals the end of the Sep 28 - Oct 4 corrective cycle. A resumption of weakness would open the key support and bear trigger at 108.13, Sep 28 low. Clearance of this level would confirm a resumption of the broader downtrend. 116.71 marks the key resistance.

143 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 116.71 High Oct 4 and key resistance
  • RES 3: 115.70 High Oct 5
  • RES 2: 113.41 High oct 6
  • RES 1: 112.25 High Oct 12
  • PRICE: 111.63 @ Close Oct 24
  • SUP 1: 108.82 Low Oct 21
  • SUP 2: 108.13 Low Sep 28 and key support
  • SUP 3: 107.27 2.382 proj of the Aug 25 - Sep 1 - 8 price swing
  • SUP 4: 106.68 2.618 proj of the Aug 25 - Sep 1 - 8 price swing

The BTP futures trend condition remains bearish and short-term gains are considered corrective. The reversal from 116.71, Oct 4 high, signals the end of the Sep 28 - Oct 4 corrective cycle. A resumption of weakness would open the key support and bear trigger at 108.13, Sep 28 low. Clearance of this level would confirm a resumption of the broader downtrend. 116.71 marks the key resistance.