Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(M2) Bear Flag

GILT TECHS
  • RES 4: 124.60 High Mar 8
  • RES 3: 123.52 High Mar 9
  • RES 2: 122.72 High Mar 18 and a key near-term resistance
  • RES 1: 122.01 20-day EMA
  • PRICE: 120.64 @ Close Mar 25
  • SUP 1: 120.26 Low Mar 24
  • SUP 2: 120.00 Round number support
  • SUP 3: 119.75 123.6% retracement of the Feb 15 - Mar 1 climb
  • SUP 4: 118.92 138.2% retracement of the Feb 15 - Mar 1 climb

Trend conditions in Gilt futures remain bearish and the recent consolidation appears to be a bear flag - a continuation pattern that reinforces current conditions. Last week’s move lower resulted in a break of key support and the bear trigger, at 121.10, Feb 6 low. This marks a resumption of the broader downtrend and opens 120.00. Price action has defined a key short-term resistance at 122.72, Mar 18 high. A break is required to suggest a base.

144 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 124.60 High Mar 8
  • RES 3: 123.52 High Mar 9
  • RES 2: 122.72 High Mar 18 and a key near-term resistance
  • RES 1: 122.01 20-day EMA
  • PRICE: 120.64 @ Close Mar 25
  • SUP 1: 120.26 Low Mar 24
  • SUP 2: 120.00 Round number support
  • SUP 3: 119.75 123.6% retracement of the Feb 15 - Mar 1 climb
  • SUP 4: 118.92 138.2% retracement of the Feb 15 - Mar 1 climb

Trend conditions in Gilt futures remain bearish and the recent consolidation appears to be a bear flag - a continuation pattern that reinforces current conditions. Last week’s move lower resulted in a break of key support and the bear trigger, at 121.10, Feb 6 low. This marks a resumption of the broader downtrend and opens 120.00. Price action has defined a key short-term resistance at 122.72, Mar 18 high. A break is required to suggest a base.