MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

BOJ SEES BIGGER UPSIDE RISKS TO PRICES IN FY2024, 2025

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

France Flash Inflation Softer Than Expected

MNI China Liquidity Index™ – Conditions Ease In July

Uncertainty over French CPI M/M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H3) Bullish Short-Term Cycle Extends

GILT TECHS
  • RES 4: 105.20 76.4% retracement of the Nov 24 - Dec 28 bear leg
  • RES 3: 104.31 High Dec 16
  • RES 2: 104.05 61.8% retracement of the Nov 24 - Dec 28 bear leg
  • RES 1: 103.98 High Jan 11
  • PRICE: 103.68 @ Close Jan 11
  • SUP 1: 102.19/101.40 Low Jan 11 / 10
  • SUP 2: 99.97 Low Jan 3
  • SUP 3: 99.18 Low Dec 28 and the bear trigger
  • SUP 4: 98.15 Low Oct 24 (cont)

Gilt futures resumed their uptrend Wednesday and cleared initial resistance at 102.78, the Jan 6 high. The break higher maintains the current bullish price sequence of higher highs and higher lows and attention turns to 104.05, the 61.8% retracement of the Nov 24 - Dec 28 bear leg. A break of this level would signal scope for a climb towards 105.20, the 76.4% retracement. Initial firmer support has been defined at 101.40, the Oct 10 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.