FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GILT TECHS: (M3) Key Support At 99.73 Remains Intact For Now

GILT TECHS
  • RES 4: 102.99 High Apr 14
  • RES 3: 102.63 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 2: 101.98/102.46 High May 11 / 3
  • RES 1: 101.20 20-day EMA
  • PRICE: 100.36 @ Close May 17
  • SUP 1: 99.97 Low May 10
  • SUP 2: 99.73 Low Apr 19 and a key near-term support
  • SUP 3: 99.55 Low Mar 8
  • SUP 4: 99.20 Low Feb 28 and key support

Gilt futures traded lower Wednesday but, for now, price remains above key support at 99.73, Apr 19 low. A resumption of gains would refocus attention on resistance at 102.46 May 3 high, where a break would reinstate a bullish theme. This would signal scope for a climb towards 102.63, a Fibonacci retracement and 102.99, the Apr 14 high. For bears, a break of 99.73 would instead confirm a resumption of the downtrend that started Mar 20.

Fixed Income Technical AnalysisHomepagemarkets-real-timeCommoditiesBulletMarketsFixed Income Bullets

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.