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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

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(Z3) Trend Conditions Remains Bullish

BTP TECHS
Fixed Income Technical Analysis Homepage markets-real-time Bullet Markets Fixed Income News
  • RES 4: 116.76 High Jul 27 (cont)
  • RES 3: 116.00 Round number resistance
  • RES 2: 115.56 High Aug 24
  • RES 1: 114.89 High Nov 17
  • PRICE: 113.95 @ Close Nov 20
  • SUP 1: 113.07/111.53 Low Nov 15 / 50-day EMA
  • SUP 2: 109.64 Low Nov 1
  • SUP 3: 108.01/107.42 Low Oct 26 / 19
  • SUP 4: 107.08 2.236 proj of the Jun 26 - Jul 11 - 19 price swing (cont)

A bull cycle in BTP futures remains in play and last week’s gains reinforce this condition. The move higher resulted in a break of resistance at 113.00, the Nov 9 high, to confirm a resumption of the uptrend that started on Oct 19. Potential exists for a climb towards 115.56, the Aug 24 high and the next key resistance. On the downside, key short-term support is seen at 111.53, the 50-day EMA. A break of this average is required to signal a possible top.

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  • RES 4: 116.76 High Jul 27 (cont)
  • RES 3: 116.00 Round number resistance
  • RES 2: 115.56 High Aug 24
  • RES 1: 114.89 High Nov 17
  • PRICE: 113.95 @ Close Nov 20
  • SUP 1: 113.07/111.53 Low Nov 15 / 50-day EMA
  • SUP 2: 109.64 Low Nov 1
  • SUP 3: 108.01/107.42 Low Oct 26 / 19
  • SUP 4: 107.08 2.236 proj of the Jun 26 - Jul 11 - 19 price swing (cont)

A bull cycle in BTP futures remains in play and last week’s gains reinforce this condition. The move higher resulted in a break of resistance at 113.00, the Nov 9 high, to confirm a resumption of the uptrend that started on Oct 19. Potential exists for a climb towards 115.56, the Aug 24 high and the next key resistance. On the downside, key short-term support is seen at 111.53, the 50-day EMA. A break of this average is required to signal a possible top.