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Free AccessMNI Gilt Week Ahead
(H18) 99.310 Support Holding...>
SHORT-STERLING TECHS: (H18) 99.310 Support Holding Firm
*RES 4: 99.410 High Sept 15
*RES 3: 99.390 Monthly Lows June 30 now resistance
*RES 2: 99.360 Highs Sept 18 & 19
*RES 1: 99.330 High Sept 28
*PREVIOUS CLOSE: 99.340
*SUP 1: 99.310 Low Sept 20 & 28
*SUP 2: 99.230 High June 21 2016 now support
*SUP 3: 99.110 Monthly Low June 23 2016
*SUP 4: 99.040 Monthly Low May 31 2016
*COMMENTARY: Despite remaining heavy bears have far failed to manage the close
below 99.310 needed to pressure 99.230. Correcting O/S daily studies remain the
key concern for bears as the Bollinger base is currently not an issue. Key
resistance is still noted at 99.360 with bulls needing a close above to gain
breathing room. A close above 99.410 is needed to shift initial focus back to
the 21-DMA (99.427) and overall focus to the 200-DMA (99.506).
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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.