Free Trial

(M18) Capped Ahead Of Key Resistance.....>

GILT TECHS
GILT TECHS: (M18) Capped Ahead Of Key Resistance
*RES 4: 123.57 Low Dec 1 now resistance 
*RES 3: 123.03 High Apr 4 
*RES 2: 122.84 Highs Apr 11 & 18 
*RES 1: 122.27 100-DMA
*PREVIOUS CLOSE: 122.24
*SUP 1: 122.24 Hourly resistance Apr 18 now support 
*SUP 2: 121.48 Low Apr 17 
*SUP 3: 121.35 55-DMA 
*SUP 4: 121.22 Bollinger band base
*COMMENTARY: Bulls failed to capitalise on the aggressive rally Wednesday with
the contract capped by the key 122.84-122.03 resistance region with the
Bollinger top at 123.04. Bulls continue to look for a close above 123.03 to
confirm control and initially target the 123.74 bull channel top and then
124.11. Bears still need a close below the 55-DMA to hint at a move back to
119.29-83 and below 120.69 to confirm.

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.