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Free Access(M18) 120.69 Support Now Key *RES 4:.....>
GILT TECHS: (M18) 120.69 Support Now Key
*RES 4: 122.84 Highs Apr 11 & 18
*RES 3: 122.25 100-DMA
*RES 2: 122.19 Alternating hourly support/resistance
*RES 1: 121.48 Low Apr 17 now resistance
*PREVIOUS CLOSE: 121.35
*SUP 1: 121.15 Bollinger band base
*SUP 2: 121.04 Low Mar 22
*SUP 3: 120.69 Low Mar 21
*SUP 4: 120.48 Low Feb 27
*COMMENTARY: Bulls failed to capitalise on the aggressive rally Wednesday with
the contract capped by the key 122.84-123.03 resistance region. Losses followed
on Thursday with bears needing a close below 121.04 to initially pressure 120.69
and hint at a move to 120.29. Below 120.29 then targets 119.29-83. Bulls now
need a close above the 100-DMA to ease bearish pressure and 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.