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Free Access(H9) Bears Need To Take Out 123.75.......>
GILT TECHS: (H9) Bears Need To Take Out 123.75
*RES 4: 129.11 High Sep 8, 2017 (continuation chart)
*RES 3: 126.52 High Dec 15, 2017 (continuation chart)
*RES 2: 125.64 High May 29 (continuation chart)
*RES 1: 124.49 High Feb 14
*PREVIOUS CLOSE: 124.03
*SUP 1: 123.75 Low Feb 13
*SUP 2: 122.98 Low Feb 4
*SUP 3: 122.15 Low Jan 18
*SUP 4: 121.73 Low Nov 22, downtrend support (continuation chart)
Gilt futures edged back from multi month highs seen last Thursday giving bears
an opportunity for a push back below Wednesday's low at 123.75. A close below
here would lend weight to a bearish reversal opening the Feb 4 low at 122.98.
Thursday's high at 124.49 remains the target for the bulls. A close above here
would open a return to the May 29 high at 125.64.
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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.