Free Trial

(H1) Bearish Focus

GILT TECHS
  • RES 4: 135.00 Round number resistance
  • RES 3: 134.70 High Nov 20 and key near-term resistance
  • RES 2: 134.38 High Dec 1
  • RES 1: 134.18 High Dec 4
  • PRICE: 133.74 @ Close Dec 4
  • SUP 1: 133.52 Low Dec 2 and intraday bear trigger
  • SUP 2: 133.44 Low Nov 16
  • SUP 3: 133.35 Low Nov 12
  • SUP 4: 133.00 Round number support

Gilt futures traded sharply lower Dec 1 and breached support at 133.81, Nov 25 low in the process. The break lower signals the return of a bearish phase and highlights scope for a deeper sell-off. Attention is on 133.44, Nov 16 low where a break would open 133.00. On the upside, initial resistance is located at 134.18, Friday's high. Key short-term resistance is at 134.70, Nov 20 high. The initial bear trigger is at 133.5, Dec 2 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.