Free Trial

(H19) Giving Up Gains *RES 4: 127.00.....>

GILT TECHS
GILT TECHS: (H19) Giving Up Gains
*RES 4: 127.00 Inverse head-and-shoulders target (continuation chart) 
*RES 3: 126.52 High Dec 15, 2017 (continuation chart) 
*RES 2: 125.64 High May 29 (continuation chart) 
*RES 1: 124.41 High Dec 10 
*PREVIOUS CLOSE: 123.18 
*SUP 1: 122.98 Low Dec 13 
*SUP 2: 121.72 Low Nov 22 
*SUP 3: 121.12 Low Nov 8 (continuation chart) 
*SUP 4: 120.10 High Oct 8 (continuation chart) 
Despite hitting fresh weekly highs at the open, Gilt futures gave back their
gains to return the focus to the Dec 13 low at 122.98. Below here would shift
the outlook bearish and suggest a topping pattern is in play, opening the Nov 22
lows at 121.78. Bulls need a break above the Dec 10 high at 124.41 to reignite
upside momentum and open the May 29 peak on the continuation chart.

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.