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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

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(M1) Corrective Bounce Extends

  • RES 4: 130.38 High Feb 17
  • RES 3: 129.75 High Feb 19
  • RES 2: 129.27 High Mar 2 and the reversal trigger
  • RES 1: 128.48 High Mar 17
  • PRICE: 128.29 @ Close Mar 23
  • SUP 1: 127.55 Low Mar 22
  • SUP 2: 126.79 Low Mar 18 and the bear trigger
  • SUP 3: 126.55 Low Apr 17, 2019 (cont)
  • SUP 4: 126.00 Round number support

Gilt futures traded higher yesterday, extending the corrective bounce from 126.79, the Mar 18 low. Price has traded above resistance at 128.33, Mar 16 high. Continued gains would suggest near-term scope for a climb towards firm resistance at 129.27, Mar 2 high. From a trend perspective, the broader downtrend remains intact. The trigger for a resumption of bearish pressure is 126.79.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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