Free Trial

(H3) Bull Cycle Remains In Play

GILT TECHS
  • RES 4: 107.06 High Nov 24 and key resistance
  • RES 3: 106.18 High Dec 12
  • RES 2: 106.00 Round number resistance
  • RES 1: 105.71 High Jan 18
  • PRICE: 104.87 @ Close Jan 19
  • SUP 1: 103.97 Low Jan 18
  • SUP 2: 103.21/102.78 Low Jan 17 and key S/T support / High Jan 6
  • SUP 3: 102.19/101.40 Low Jan 11 / 10
  • SUP 4: 99.97 Low Jan 3

Gilt futures remain in an uptrend and the contract traded higher last week. The extension confirms a resumption of the short-term uptrend and resulted in a break of 105.20, the 76.4% retracement of the Nov 24 - Dec 28 bear leg. This paves the way for gains towards 107.06, the Nov 24 high and a key resistance. On the downside, initial firm support has been defined at 103.21, the Jan 17 low. A break would threaten the recent recovery.

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.