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Free Access(H1) Eyeing Key Resistance
- RES 4: 137.06 1.236 proj of the Dec 2 - 11 rally from the Dec 24 low
- RES 3: 137.00 Round number resistance
- RES 2: 136.48 1.00 proj of the Dec 2 - 11 rally from the Dec 24 low
- RES 1: 135.96/99 High Jan 4 / High Dec 11 and the bull trigger
- PRICE: 135.60 @ Close Jan 4
- SUP 1: 134.89 Low Dec 30
- SUP 2: 134.01 Low Dec 24 and key support
- SUP 3: 133.63 Low Dec 4
- SUP 4: 133.52 Low Dec 2
Gilt futures started the year on a firm note trading to a high just short of key resistance at 135.99, Dec 11 high. The continued move higher has negated the bearish implications of the sharp sell-off on Dec 23. Clearance of 135.99 would strengthen a bullish outlook and open 136.48, a Fibonacci projection. On the downside, initial support is at 134.89 ahead of the key 134.01 level, Dec 24 low.
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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.