Free Trial

(H18) Pressuring Key Support *RES 4:.....>

GILT TECHS
GILT TECHS: (H18) Pressuring Key Support
*RES 4: 126.00 Low Sept 13 now resistance 
*RES 3: 125.69 High Dec 15 
*RES 2: 125.30 Low Dec 15 now resistance 
*RES 1: 124.72 Hourly resistance Dec 20
*PREVIOUS CLOSE: 124.36
*SUP 1: 124.22 Alternating hourly support/resistance 
*SUP 2: 123.94 55-DMA 
*SUP 3: 123.62 Low Dec 8 
*SUP 4: 123.46 Bollinger band base
*COMMENTARY: Fresh 3mth highs printed Friday although the pop above the bull
channel top lacked follow through resulting in a sell-off this week that sees
bullish pressure eased and bears looking for a close below 124.22 to return
focus to 123.62-94 where the 55-DMA and weekly lows are found. Initial
resistance is now noted at 124.72 with bulls needing a close above to ease
bearish pressure and above 125.30 to return focus to 125.69 Dec highs so far.

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.