MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI BRIEF: EZ Short-Term Uncertainty Low, Long-Term High -ECB

MNI China Daily Summary: Wednesday, January 8

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

MNI BRIEF: Fed's Bostic Says Bumpy Inflation Calls For Caution

MNI:US NOV WHOLESALE INV -0.2%; SALES 0.6%

MNI: US JOBLESS CLAIMS -10K TO 201K IN JAN 04 WK

MNI: US MBA: MARKET COMPOSITE -3.7% SA THRU JAN 03 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GILT TECHS: Corrective Cycle Exposes The 50-Day EMA

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 96.65 High Oct 30     
  • RES 3: 95.97 38.2% retracement of the Sep 17 - Nov 6 bear leg    
  • RES 2: 95.76 50-day EMA  
  • RES 1: 95.35 High Nov 25              
  • PRICE: 95.16 @ Close Nov 25
  • SUP 1: 94.48 Low Nov 25                   
  • SUP 2: 92.97/53 Low Nov 14 / 6 and the bear trigger
  • SUP 3: 92.23 2.236 proj of the Sep 17 - 30 - Oct 1 price swing
  • SUP 4: 92.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and Monday's gains reinforce current bullish conditions. Resistance at 94.73, the Nov 1 high, has been breached. A continuation higher would expose 95.76, the 50-day EMA. On the downside, a reversal lower would refocus attention on key support and the bear trigger at 92.53, the Nov 6 low. Clearance of this level resumes the downtrend.

143 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 96.65 High Oct 30     
  • RES 3: 95.97 38.2% retracement of the Sep 17 - Nov 6 bear leg    
  • RES 2: 95.76 50-day EMA  
  • RES 1: 95.35 High Nov 25              
  • PRICE: 95.16 @ Close Nov 25
  • SUP 1: 94.48 Low Nov 25                   
  • SUP 2: 92.97/53 Low Nov 14 / 6 and the bear trigger
  • SUP 3: 92.23 2.236 proj of the Sep 17 - 30 - Oct 1 price swing
  • SUP 4: 92.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and Monday's gains reinforce current bullish conditions. Resistance at 94.73, the Nov 1 high, has been breached. A continuation higher would expose 95.76, the 50-day EMA. On the downside, a reversal lower would refocus attention on key support and the bear trigger at 92.53, the Nov 6 low. Clearance of this level resumes the downtrend.