Free Trial

(H0) Consolidating But Remains Bullish...>

GILT TECHS
GILT TECHS: (H0) Consolidating But Remains Bullish
*RES 4: 134.26 1.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 134.02 1.500 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 133.79 1.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 133.76 High Jan 17
*PRICE: 133.50 @ Close Jan 22
*SUP 1: 133.04 Low Jan 16 and low Jan 21
*SUP 2: 132.58 Low Jan 15 and key near-term support
*SUP 3: 131.94 Low Jan 13
*SUP 4: 131.04 Low Jan 9 and key support
Although consolidating for now, H0 Gilt maintains a firmer posture. Futures
traded higher on Jan 17, breaking above resistance at 133.59, the Nov 26 high to
reinforce the short-term bullish theme. Continued strength above 133.59 would
pave the way for a climb towards 133.79 and 134.02, both Fibonacci projections.
Firm support lies at the Jan 15, 132.58 low. A break of this level would
threaten a deeper pullback. Initial support is at 133.04, Jan 16 and 21 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.