Free Trial

(H18)121.65-121.87 Break Required........>

GILT TECHS
GILT TECHS: (H18)121.65-121.87 Break Required Ahead Of Recovery Potential
*RES 4: 122.65 Jan 30 high
*RES 3: 122.28 Jan 29 low, now resistance
*RES 2: 121.87 Feb 1 high
*RES 1: 121.65 Hourly resistance
*PRICE: 121.35 @0900GMT 
*SUP 1: 120.92/08 Feb 2 low, 1% volatility band
*SUP 2: 120.73 5 month bear channel base projection
*SUP 3: 120.54 May 23 2016 low
*SUP 4: 120.27 Sep 28 2015 high, now support
*COMMENTARY* The fall gained in momentum last week, initially sparked by the
loss of 121.87 support. Any recovery hopes have since been pinned on the lower
1% volatility band, at 121.08 today and Friday's 120.92 base. Else a deeper fall
towards the 5 month bear channel base at 120.73, is next on the cards.
Resistance now comes from 121.65-121.70 but back above that 121.87 region is
currently required before any near term confidence will reappear.

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.