Free Trial

(M18) Bears Need Close Below 150.90.......>

JGB TECHS
JGB TECHS: (M18) Bears Need Close Below 150.90
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.15 - 2018 High Mar 2
*RES 2: 151.13 - Monthly High May 30
*RES 1: 151.02 - Hourly resistance May 30
*PRICE: 150.99 @ 2130GMT
*SUP 1: 150.90 - Hourly support May 28 
*SUP 2: 150.83 - 55-DMA 
*SUP 3: 150.75 - 200-DMA 
*SUP 4: 150.73 - 100-DMA
*COMMENTARY: The 151.15-19 resistance confirmed significance once again with the
contract rejected ahead of this level and looking a little offered. Bears now
need a close below 150.90 to return focus to 150.73-83 where key DMAs are
clustered. Correcting modestly O/B studies are adding weight to the case for a
correction. Bulls now need a close above 151.02 to return pressure to 151.13-19.

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.