Free Trial

(M0) Bullish Theme In Place *RES 4:......>

GILT TECHS
GILT TECHS: (M0) Bullish Theme In Place
*RES 4: 138.22 High Mar 10
*RES 3: 138.15 High Mar 12
*RES 2: 138.00 Round number resistance
*RES 1: 137.45 High Apr 24 and the bull trigger
*PRICE: 137.03 @ Close Apr 28
*SUP 1: 135.93 Low Apr 23
*SUP 2: 135.71 50-day EMA
*SUP 3: 135.53 Low Apr 7 and key near-term support
*SUP 4: 135.30 Low Mar 31
Gilt futures traded higher on Apr 24 probing key resistance at 137.31, Mar 30
high. While this is a bullish development, futures have also pulled back from
that day's high, defining an initial resistance at 137.45. A break of this
resistance is required to signal a resumption of strength and confirm a clear
breakout of the recent period of consolidation. This would open 138.00 and
138.15, Mar 12 high. Initial firm support is 135.93, Apr 23 low.

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.