Free Trial

(H9) Dec Highs Under Pressure *RES 4:....>

GILT TECHS
GILT TECHS: (H9) Dec Highs Under Pressure
*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: 124.45 High Dec 10 (continuation chart) 
*PREVIOUS CLOSE: 124.40 
*SUP 1: 122.98 Low Feb 4 
*SUP 2: 122.62 100-dma (continuation chart) 
*SUP 3: 122.15 Low Jan 18 
*SUP 4: 121.73 Low Nov 22, downtrend support (continuation chart) Gilt futures
are honing in on the key Dec 10 highs at 124.45, a break of which would put the
focus back on the May 29 spike high at 125.64. On the downside bears need to
break below Monday's low at 122.98 to garner traction and target the 100-dma at
122.62.

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.