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 JOBLESS CLAIMS -10K TO 201K IN JAN 04 WK

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

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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: (H5) Corrective Cycle Still In Play

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 96.52 2.382 proj of the Nov 18 - 19 - 20 price swing    
  • RES 3: 96.33 2.236 proj of the Nov 18 - 19 - 20 price swing    
  • RES 2: 96.03 2.000 proj of the Nov 18 - 19 - 20 price swing  
  • RES 1: 95.78 High Nov 28              
  • PRICE: 95.68 @ Close Nov 28
  • SUP 1: 94.66 Low Nov 25                     
  • SUP 2: 93.96 Low Nov 22  
  • SUP 3: 93.40 Low Nov 18 and a key short-term support 
  • SUP 4: 93.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and this week’s climb reinforces current bullish conditions. A continuation higher would pave the way for a climb towards 96.03 next, a Fibonacci projection. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development.

153 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: 96.52 2.382 proj of the Nov 18 - 19 - 20 price swing    
  • RES 3: 96.33 2.236 proj of the Nov 18 - 19 - 20 price swing    
  • RES 2: 96.03 2.000 proj of the Nov 18 - 19 - 20 price swing  
  • RES 1: 95.78 High Nov 28              
  • PRICE: 95.68 @ Close Nov 28
  • SUP 1: 94.66 Low Nov 25                     
  • SUP 2: 93.96 Low Nov 22  
  • SUP 3: 93.40 Low Nov 18 and a key short-term support 
  • SUP 4: 93.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and this week’s climb reinforces current bullish conditions. A continuation higher would pave the way for a climb towards 96.03 next, a Fibonacci projection. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development.