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Free Access(H9) Down Trendline Resistance...........>
GILT TECHS: (H9) Down Trendline Resistance Overhead
*RES 4: 125.64 High May 29 (continuation chart)
*RES 3: 124.45 High Dec 10
*RES 2: 124.19 High Jan 2
*RES 1: 123.96 Down trendline resistance from Dec 10 high
*PREVIOUS CLOSE: 123.31
*SUP 1: 122.15 Low Jan 18
*SUP 2: 121.72 Low Nov 22
*SUP 3: 121.12 Low Nov 8 (continuation chart)
*SUP 4: 120.10 High Oct 8 (continuation chart)
Gilt futures posted a bullish day yesterday shifting the focus back to the
upside and on down trendline resistance from the Dec 10 high. A break above here
would open the Jan 2 highs at 124.19 ahead of the Dec 10 high at 124.45. Bears
look for a break below the Jan 18 low at 122.15 to open the Nov 22 low at
121.72.
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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.