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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(H0) Remains Under Pressure For Now......>
GILT TECHS: (H0) Remains Under Pressure For Now
*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
*PRICE: 131.96 @ Close Dec 9
*SUP 1: 131.62 Low Dec 5
*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 December 4. The move lower has cleared support at
131.82, Nov 22 low paving the way for a deeper decline. 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 133.35, Dec 4 high
however is required to reinstate a bullish theme.
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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.