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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.
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Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
(M18) Consolidating After Last Week's....>
GILT TECHS: (M18) Consolidating After Last Week's 122.26 High
*RES 4: 123.00 1.618 swing of 122.12-120.69
*RES 3: 122.94 1% volatility band
*RES 2: 122.65 61.8% Fibo of 124.73-119.29
*RES 1: 122.26 Mar 22 high
*PRICE: 122.14 @1710GMT
*SUP 1: 121.60/70 Hourly support
*SUP 2: 121.44 Mar 23 low
*SUP 3: 121.30 Hourly congestion area Mar 22
*SUP 4: 121.04/09 Initial recovery high Mar 21, Mar 22 low
*COMMENTARY* Recovered well from last week's fall to a low of 120.69 on
Wednesday, so much so, that we have seen a fresh 122.26 high, as the previous
122.12 resistance level gave way. Currently in consolidation mode, so
anticipating support initially from around 121.70-121.60 and then 121.49-121.44.
Loss would disappoint and suggest scope for a deeper 121.30-121.04 fall. In the
interim, back above 122.26 and look towards 122.65 next, 122.94-123.00 above.
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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.