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Free Access(M18) 120.29 Support Key This Week.......>
GILT TECHS: (M18) 120.29 Support Key This Week
*RES 4: 122.84 Highs Apr 11 & 18
*RES 3: 122.19 Alternating hourly support/resistance
*RES 2: 122.18 100-DMA
*RES 1: 121.47 High Apr 23
*PREVIOUS CLOSE: 121.05
*SUP 1: 120.69 Low Mar 21
*SUP 2: 120.48 Low Feb 27
*SUP 3: 120.29 Low Feb 22
*SUP 4: 119.83 Low Feb 20
*COMMENTARY: Losses continue with bearish focus currently on the 120.29-69
support region. Daily studies approaching O/S and the Bollinger band base
(121.09) remain key concerns for bears with potential to limit follow through.
Bears look for a close below 120.69 to hint at a move back to 119.29-83 with
below 120.29 to confirm. Bulls need a close above 121.47 to gain breathing room
and above 122.19 now to shift focus back to 122.84-123.03.
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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.