Free Trial

(M4) Bear Threat Remains Present

GILT TECHS
  • RES 4: 99.00 Round number resistance
  • RES 3: 98.53 High Feb 26 and key short-term resistance
  • RES 2: 98.26 High Feb 27
  • RES 1: 98.18 High Feb 29
  • PRICE: 98.09 @ Close Feb 29
  • SUP 1: 96.83 Low Feb 29
  • SUP 2: 96.37 1.236 projection of the Feb 26 - 27 - 29 price swing
  • SUP 3: 96.00 Round number support
  • SUP 4: 95.75 1.764 projection of the Feb 26 - 27 - 29 price swing

A bear threat in Gilt futures remains present and the contract traded lower Thursday, before recovering from the session low. Price breached support at 97.10, the Feb 27 low. This confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. With 97.00 breached, attention turns to the 96.00 handle next. On the upside, key short-term resistance has been defined at 98.53, the Feb 26 high.

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.