MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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: (Z4) Bullish Outlook

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
  • RES 4: 102.37 1.236 proj of the Sep 2 - 6 - 9 price swing
  • RES 3: 102.00 Round number resistance  
  • RES 2: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing   
  • RES 1: 101.51 High Sep 11       
  • PRICE: 101.06 @ Close Sep 16
  • SUP 1: 100.64 High Sep 10 and a gap low on the daily chart          
  • SUP 2: 99.83 Low Sep 10     
  • SUP 3: 99.77 20-day EMA  
  • SUP 4: 99.29 Low Sep 9  

Gilt futures traded higher last week and the contract remains firm with a bull cycle still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, a Fibonacci projection. On the downside, firm short-term support has been defined 99.29, the Sep 9 low. Initial support lies at 100.64, the Sep 10 high.

157 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: 102.37 1.236 proj of the Sep 2 - 6 - 9 price swing
  • RES 3: 102.00 Round number resistance  
  • RES 2: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing   
  • RES 1: 101.51 High Sep 11       
  • PRICE: 101.06 @ Close Sep 16
  • SUP 1: 100.64 High Sep 10 and a gap low on the daily chart          
  • SUP 2: 99.83 Low Sep 10     
  • SUP 3: 99.77 20-day EMA  
  • SUP 4: 99.29 Low Sep 9  

Gilt futures traded higher last week and the contract remains firm with a bull cycle still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, a Fibonacci projection. On the downside, firm short-term support has been defined 99.29, the Sep 9 low. Initial support lies at 100.64, the Sep 10 high.