RENEWABLES: CWE Morning Solar Forecast
See the latest CWE Solar forecast for peak-load hours starting this morning for the next seven days....
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MNI EXCLUSIVE: MNI discusses the impact of China/U.S. relations on BOJ plans
MNI discusses the impact of China, U.S. relations on the BOJ's plans. On MNI Policy MainWire now, for more details please contact sales@marketnews.com
CROSS ASSET: U.S. & UK Observe Holidays Today
A reminder that today will see the U.S. & the UK observe public holidays which will result in market closures/adjusted trading hours and thin out liquidity in wider markets.
BTP TECHS: (M5) Remains Above The 50-Day EMA
- RES 4: 121.93 76.4% of the Dec 5 ‘24 - Mar 14 bear leg (cont)
- RES 3: 121.43 1.618 proj of the Mar 14 - Apr 4 - 9 price swing
- RES 2: 121.00 High Feb 7 (cont) and a key resistance
- RES 1: 120.72 High May 8 and the bull trigger
- PRICE: 120.23 @ Close May 23
- SUP 1: 119.29/00 50-day EMA / Low May 14
- SUP 2: 118.76/09 Low Apr 15 / 14
- SUP 3: 117.28 Low Apr 10
- SUP 4: 116.06 Low Apr 9
A bull cycle in BTP futures remains intact and recent weakness appears to have been a correction. Key support to watch lies at 119.29, the 50-day EMA. A clear break of the average would signal scope for a deeper retracement, and open 118.76 initially, the Apr 15 low. On the upside, key resistance and the bull trigger is at 120.72, the May 8 high. Clearance of this hurdle resumes the uptrend.
