Free Trial

(H1) Firmer Tone Intact

  • RES 4: 135.16 High Jan 6
  • RES 3: 135.04 61.8% retracement of the Jan 4 - 12 downleg
  • RES 2: 134.96 High Jan 7
  • RES 1: 134.84 High Jan 26
  • PRICE: 134.64 @ Close Jan 26
  • SUP 1: 134.46 Low Jan 25
  • SUP 2: 134.14 Low Jan 25
  • SUP 3: 133.79 Low Jan 21
  • SUP 4: 133.55 Low Jan 11 and the bear trigger

Gilt futures rallied sharply higher Monday and managed to clear resistance defined by the 20- and 50-day EMAs. This has placed on hold the recent bearish threat and the strong daily close Monday reinforces a short-term bullish picture. Scope is seen for a climb towards 135.04 next, the 61.8% retracement of the Jan 4 - 12 downleg. Initial support is seen at yesterday's low of 134.46 ahead of 134.14 low, the Jan 25 low.

To read the full story



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.