Free Trial

(H18) Recovery Held Back While...........>

GILT TECHS
GILT TECHS: (H18) Recovery Held Back While 124.96-125.17 Caps
*RES 4: 125.35/42 Dec 29, Dec 27 highs
*RES 3: 125.17 Jan 2 hig
*RES 2: 124.95/96 Jan 8, Jan 3 highs
*RES 1: 124.65/75 Hourly resistance
*PRICE: 124.26 @1805GMT 
*SUP 1: 124.05/10 76.4% 123.62-125.69, 61.8% 123.12-125.69
*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: 123.59 1% volatility band
*COMMENTARY* The key 124.05-124.10 support area has been challenged twice now
within the last month. So far it has stood up to the test but as yet any
recovery lacks the impetus of a break through 124.96-125.17 resistance. Will
need to see levels back above here, before any real confidence in the upside
will be restored. Meanwhile, 124.25 support is under attack, again exposing the
important 124.10-124.05 area. 

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.