Free Trial

(H0) Bullish Theme Reinforced *RES 4:....>

GILT TECHS
GILT TECHS: (H0) Bullish Theme Reinforced
*RES 4: 134.02 1.500 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 133.79 1.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 133.59 High Nov 26 and bull trigger
*RES 1: 133.51 High Jan 15
*PRICE: 133.29 @ Close Jan 15
*SUP 1: 132.58 Low Jan 15
*SUP 2: 131.94 Low Jan 13
*SUP 3: 131.04 Low Jan 9 and key near-term support
*SUP 4: 130.63 Low Jan 2
H0 Gilt traded sharply higher yesterday as rate expectations drove sentiment.
The break of resistance at 132.62, Jan 6 high has confirmed for now at least, a
short-term bullish theme. Attention turns to the next key resistance at 133.59,
Nov 26 high where a break if seen, would further reinforce a bullish outlook.
This would open 133.79 and 134.02, both Fibonacci projections. Initial support
lies at yesterday's 132.58 low.

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.