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Free Access(H18) Supported Ahead Of 200-WMA For.....>
GILT TECHS: (H18) Supported Ahead Of 200-WMA For Now
*RES 4: 122.65 High Jan 30
*RES 3: 122.22 Hourly support Jan 31 now resistance
*RES 2: 121.87 Low Jan 31 now resistance
*RES 1: 121.50 2018 Low Feb 1 now resistance
*PREVIOUS CLOSE: 121.34
*SUP 1: 120.92 2018 Low Feb 2
*SUP 2: 120.54 Monthly Low May 25 2016
*SUP 3: 118.93 Monthly Low Apr 4 2016
*SUP 4: 117.61 High Jan 5 2016 now support
*COMMENTARY: Bears take comfort in the weekly close below the 200-WMA (121.38)
that sees immediate focus on 120.54 and overall focus on 114.41 2015 lows. O/S
daily studies remain the key concern for bears but as yet are not impacting.
Bulls now need a close above 121.87 to ease immediate bearish pressure and above
122.65 to shift focus back to 123.12-43 where the 21-DMA (123.31) is found.
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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.