Free Trial



Consumer Confidence Edges Up From Historic Lows


(Z2) Bearish Tone

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
GILT TECHS: (H9) Downtrend Remains Intact
*RES 4: 125.64 High May 29 (continuation chart)
*RES 3: 124.45 High Dec 10 (continuation chart)
*RES 2: 124.19 High Jan 2
*RES 1: 123.60 Down trendline resistance from Dec 10 high (continuation chart)
*SUP 1: 122.98 Low Feb 4
*SUP 2: 122.55 100-dma (continuation chart)
*SUP 3: 122.15 Low Jan 18
*SUP 4: 121.72 Low Nov 22, downtrend support (continuation chart)
Gilt futures failed to overcome down trendline resistance from the Dec 10 high
on Friday keeping the downtrend intact, adding weight on Monday. Bulls need a
break above 123.60 to suggest a bull flag formation, opening the Jan 2 high at
124.19 initially, ahead of the Dec 10 high at 124.45. On the downside bears need
to break below Monday's low at 122.98 to garner traction and target the 100-DMA,
after yesterday's break below Friday's low turned the outlook neutral.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.