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Free Access(H0) Choppy *RES 4: 133.59 High Nov 26 and....>
GILTS: (H0) Choppy
*RES 4: 133.59 High Nov 26 and key resistance
*RES 3: 133.35 High Dec 2
*RES 2: 132.42 High Dec 12 and key resistance
*RES 1: 132.27 High Dec 18
*PRICE: 131.70 @ Close Jan 2
*SUP 1: 130.63 Low Jan 2
*SUP 2: 130.45 Low Dec 13 and bear trigger
*SUP 3: 130.39 1.764 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 4: 129.60 2.236 projection of Nov 26 - Dec 3 decline from Dec 4 high
H0 Gilt futures have been somewhat choppy recently and managed to find support
off the day low yesterday. For now, the outlook is unchanged with the broader
theme still bearish. This follows the sell-off on Dec 13 that saw price register
a fresh low of 130.45, confirming a resumption of the downtrend. With bearish
conditions holding, scope is seen for weakness towards 130.39 and the
psychological 130.00 level. Key resistance is at 132.42, high Dec 12.
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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.