Free Trial

(M0): Turning Lower *RES 3: 154.56 -......>

JGB TECHS
JGB TECHS: (M0): Turning Lower
*RES 3: 154.56 - High Mar 13
*RES 2: 153.50 - High Mar 16
*RES 1: 153.06 - High Mar 31 and key resistance
*PRICE: 152.04 @ 16:34 BST, Jun 01
*SUP 1: 151.99 - Low Apr 20
*SUP 2: 151.86 - Low Apr 9
*SUP 3: 151.59 - Low Mar 26
JGB futures extended recent weakness Monday, keeping focus on recent support at
152.15/16 and a fall through here will damage the outlook. A break if seen,
would concern bulls and expose the 152.00 handle and support at 151.86, Apr 9
low. An ability to hold above supports and more importantly a break of 153.06,
Mar 31 high is required to confirm a bullish cycle and allow for a recovery
towards 153.30, Mar 16 high.

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.