Monday, 25 February 2013

BTP short closed before the first Italian electoral exit poll

I closed my short on BTP before the first exit poll at 111.74 , 7 ticks above today's pivot , for a 10 ticks profit. No panic last week and this morning also means the market is quite sure of good result for the centre-left pro-european coalition , so there was no reason to risk a spike up. I'll try and short again around the 114 area, a good resistance area.

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