Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(H0) Underlying Outlook Remains..........>

GILT TECHS
GILT TECHS: (H0) Underlying Outlook Remains Bearish
*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 intraday key resistance
*RES 1: 132.27 High Dec 18
*PRICE: 131.74 @ Close Dec 18
*SUP 1: 131.13 Low Dec 16
*SUP 2: 130.45 Low Dec 13
*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 outlook remains unchanged. Whether the rally on Dec 13 is the start of a
bullish theme is still too early to tell. The initial sell-off on Dec 13 saw
price register a fresh low of 130.45 confirming a resumption of the downtrend
that has been in place since September. With bearish conditions holding, scope
is seen for weakness towards 130.39 and the psychological 130.00 level next.
Clearance of 132.42, Dec 12 high is required to alter the picture.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.