Free Trial

(M0) Corrective Pullback *RES 4:.........>

GILT TECHS
GILT TECHS: (M0) Corrective Pullback
*RES 4: 140.00 Psychological round number
*RES 3: 139.84 High Mar 9 and the contract high
*RES 2: 138.46 High Mar 9 and gap high on the daily chart
*RES 1: 138.17/22 High May 5 / High Mar 10 and gap low on the daily chart
*PRICE: 137.36 @ Close May 11
*SUP 1: 136.95 Low Apr 30
*SUP 2: 136.74 Low Apr 27 and key support
*SUP 3: 136.29/135.93 50-day EMA / Low Apr 23
*SUP 4: 135.53 Low Apr 7
Gilts traded lower yesterday however futures maintain a positive tone. The
recent break of resistance at 137.45, Apr 24 high confirmed a resumption of the
uptrend that has been in place since Mar 19. The move higher paves the way for
gains towards 138.22, Mar 10 high and 138.46, Mar 9 low. A print of the latter
would fill a gap on the daily chart. Further out, attention is on the contract
high of 138.89, from Mar 9. Initial support is at 136.95, Apr 30 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.