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Free Access(M1) Downtrend Remains Intact
- RES 4: 129.75 High Feb 19
- RES 3: 129.27 High Mar 2 and the reversal trigger
- RES 2: 128.93 High Mar 25
- RES 1: 128.43 High Apr 7
- PRICE: 128.20 @ Close Apr 7
- SUP 1: 127.32 Low Apr 1
- 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
Despite recent gains, the downtrend in Gilt futures remains intact. Attention is on key support at 126.79, Mar 18 low and the trigger for a resumption of the trend. Clearance of this level would pave the way for a test of the 126.00 handle. On the upside, initial firm resistance has been defined at 128.93, Mar 25 high. A break of this level would expose the key hurdle for bulls at 129.27, Mar 2 high.
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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.