The BTP formed yesterday a negative outside day with now 99,10 – 96,05 the levels to follow in the coming hours/ session. Only a daily closing below 96,05 will reusme furhter weakness suggesting a retest of the 94,70 support area. However, while above we do still faovur an overshooting of the 100 level!
The indicators of the daily chart are still well positive as well as those of the 4h one. Only the indicators of the hourly chart turned below the line following the correction. However, we see already potential positive reversals. We suggest however waiting for a little lower levels before trying again a long position. Just consider that the 200 hours line is found only at 92,14.
We remian on the sideline for today; the Italian market is closed, beside futures, as well as we are!!
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FUTURE TREND RESEARCH