Free Trial

(M18) Bulls Now Need Close above 150.95...>

JGB TECHS
JGB TECHS: (M18) Bulls Now Need Close above 150.95
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.06 - High Mar 12
*RES 2: 151.03 - High Apr 12
*RES 1: 150.95 - Low Apr 12 now resistance
*PRICE: 150.93 @ 2130GMT
*SUP 1: 150.77 - Low May 2 
*SUP 2: 150.70 - Alternating daily support/resistance 
*SUP 3: 150.68 - 200-DMA 
*SUP 4: 150.52 - Alternating daily support/resistance
*COMMENTARY: Bulls take comfort in the closes above the 55-DMA (150.85) with
bulls now looking for a close above 150.95 to confirm initial focus on 151.03-06
where monthly highs are located. Bulls take comfort in support emerging on dips.
Bears now look for a close below 150.70 to shift focus back to 150.36-52 where
recent lows are noted.

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.