MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M3) Impulsive Bear Wave Extends

GILT TECHS
  • RES 4: 100.15 20-day EMA
  • RES 3: 99.73/100.11 Low Apr 19 / High May 18
  • RES 2: 99.21 High May 19
  • RES 1: 97.98 High May 23
  • PRICE: 96.93 @ Close May 24
  • SUP 1: 96.75 Low May 23
  • SUP 2: 96.41 2.236 projection of the May 3 - 10 - 11 price swing
  • SUP 3: 95.82 Low Oct 21 (cont)
  • SUP 4: 94.76 76.4% of the Oct 12 - Nov 24 2022 rally (cont)

Gilt futures remain in a bear mode position and the contract traded lower Tuesday. The move highlights a continued acceleration of the downtrend as the current impulsive bear wave extends. Sights are set on 96.41 next, the 2.236 projection of the May 3 - 10 - 11 price swing. Initial resistance is at yesterday’s intraday high of 97.98. A firmer level is seen at 99.73, the Apr 19 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.