Free Trial

(H18) 121.29-72 Support Key This Week....>

GILT TECHS
GILT TECHS: (H18) 121.29-72 Support Key This Week
*RES 4: 123.12 High Jan 26 
*RES 3: 122.65 High Jan 30 
*RES 2: 122.24 High Feb 6 
*RES 1: 122.05 High Feb 23
*PREVIOUS CLOSE: 121.95
*SUP 1: 121.72 Low Feb 23 
*SUP 2: 121.29 Low Feb 22 
*SUP 3: 120.74 High Feb 15 now support 
*SUP 4: 120.13 2018 Low Feb 15
*COMMENTARY: The correction from last week's 2018 lows is gaining traction above
the 21-DMA with bulls now looking for a close above 122.65 to confirm a move
back to 123.12-47 where 55 (123.29) & 100 (123.47) DMAs are situated. Bears now
need a close below 121.72 to gain breathing room and below 121.29 to shift focus
back to 120.13 2018 lows.

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.