Free Trial

(H0) Downside Extension *RES 4: 133.59...>

GILT TECHS
GILT TECHS: (H0) Downside Extension
*RES 4: 133.59 High Nov 26 and key resistance
*RES 3: 133.56 High Nov 27
*RES 2: 133.35 High Dec 2
*RES 1: 132.27 High Dec 9 and intraday key resistance
*PRICE: 131.63 @ Close Dec 10
*SUP 1: 131.47 Low Dec 10
*SUP 2: 131.29 1.236 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 3: 131.04 1.382 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 4: 131.00 Round number support
H0 Gilt remains under pressure near-term following the slide last week that
started off the 133.35 high on Dec 4. Price extended the downside yesterday and
has cleared support at 131.62, Dec 5 low confirming a resumption of the current
move lower. The focus is on an extension towards 131.34 and 131.09, both
Fibonacci projection levels. Initial resistance is at yesterday's 132.27 high. A
move above this level is required to ease the bearish threat.

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.