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Free Access(H0) Arrives At Key Support *RES 4:......>
GILT TECHS: (H0) Arrives At Key Support
*RES 4: 135.52 High Jan 30 and key bull trigger
*RES 3: 135.11 High Feb 3
*RES 2: 134.60 High Feb 10 and key near-term resistance
*RES 1: 134.32 High Feb 13
*PRICE: 133.72 @ Close Feb 14
*SUP 1: 133.22 Low Feb 13 and key near-term support
*SUP 2: 133.04 Low Jan 21
*SUP 3: 132.75 61.8% retracement of the rally between Jan 9 - Jan 30
*SUP 4: 132.58 Low Jan 15
H0 Gilt found support Friday. The retracement since Jan 30 has pulled back to an
important area of support. 50% of the Jan 9 - Jan 30 rally is at 133.28 and the
50-day EMA intersected Friday at 133.36. If futures are able to hold above last
weeks low of 133.22, the focus would shift to gains ahead of 134.60, Feb 10 high
and possibly beyond. A break of 133.22 would instead resume recent bearish
pressure and open 132.75, a retracement level.
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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.