Free Trial

(H3) Support Remains Intact

GILT TECHS
  • RES 4: 107.06 High Nov 24 and key resistance
  • RES 3: 106.23 High Dec 9
  • RES 2: 106.18 High Dec 12
  • RES 1: 105.05/106.00 High Jan 30 / Round number resistance
  • PRICE: 104.58 @ Close Jan 30
  • SUP 1: 103.79 Low Jan 23 and key short-term support
  • SUP 2: 103.21/102.78 Low Jan 17 / 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 latest pullback is considered corrective. Recent trend highs have confirmed a resumption of the short-term uptrend. The move signals potential for a climb towards 107.06, the Nov 24 high and a key resistance. The first objective is 106.00. Initial firm support has been defined at 103.79, the Jan 17 low. A break would threaten the current bullish theme.

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.