Free Trial

(H18) 124.05 Wobbles, 123.84-123.73......>

GILT TECHS
GILT TECHS: (H18) 124.05 Wobbles, 123.84-123.73 Next Supports Below
*RES 4: 125.04 3 week falling resistance line
*RES 3: 124.95/96 Jan 8, Jan 3 highs
*RES 2: 124.73 Jan 9 high
*RES 1: 124.45/55 Hourly resistance
*PRICE: 124.15 @1617GMT 
*SUP 1: 123.95/05 Intraday, Jan 2 lows
*SUP 2: 123.84 Equality fall from 125.42 to 125.69-124.11
*SUP 3: 123.73 76.4% Fibo of 123.12-125.69
*SUP 4: 123.62 Dec 8 low
*COMMENTARY* The key 124.05 support area back in the spotlight again, having
been challenged twice already within the last month. It has wobbled slightly
today, allowing a dip to 123.95, midway between the next support of note from
the equality fall target at 123.84 but as yet above the next Fibo retrace level
at 123.73. As a consequence, nearest resistance now comes from 124.45-124.55 but
Tuesday's 124.73 high presents a tougher barrier higher.

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.