Free Trial

(H9) 200-DMA Caps Losses For Now *RES....>

GILT TECHS
GILT TECHS: (H9) 200-DMA Caps Losses For Now
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.49 High Feb 14 
*RES 2: 124.00 High Feb 27 
*RES 1: 123.49 High Feb 28
*PREVIOUS CLOSE: 123.10
*SUP 1: 122.91/95 Low Feb 28, 200-dma 
*SUP 2: 122.64 Low Jan 28 
*SUP 3: 122.36 Low Jan 22
*SUP 4: 122.15 Low Jan 18 
Gilt futures extended their selloff yesterday to the 200-dma at 122.95, briefly
dipping below this level before closing above it. A close below here and
yesterday's low would open the Jan 28 low at 122.64 ahead of the Jan 22 low at
122.36. To improve the outlook bulls need to take out yesterday's high at 123.49
and Wednesday's high at 124.00. Above here would shift the focus to the Feb 14
high at 124.49.

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.