TEST FROM BANK OF CANADA, PLEASE IGNORE

MNI BRIEF: US Existing Home Sales Fall 5.4% To 3.89M In June

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

US Treasury Auction Calendar

BoC Data Watch

EZ/UK T-Bill Calendar: 26-Week GTB Auction on Wednesday

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

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

(M4) Bearish Trend Sequence

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 100.05 High Mar 22
  • RES 3: 99.37 High Apr 4
  • RES 2: 99.10 High Apr 10
  • RES 1: 97.35/98.23 20-day EMA / High Apr 12
  • PRICE: 95.72 @ Close Apr 25
  • SUP 1: 95.36 Low Apr 25
  • SUP 2: 95.00 Round number support
  • SUP 3: 94.86 2.236 proj of the Mar 12 - 15 - 22 price swing
  • SUP 4: 94.52 2.382 proj of the Mar 12 - 15 - 22 price swing

A bearish theme in Gilt futures remains intact. Wednesday’s break of support at 96.01, the Apr 17 low, and yesterday’s extension confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. Furthermore, moving average studies have recently crossed, highlighting a bear-mode set-up. Scope is seen for a move towards the 95.00 handle next. Initial firm resistance is 97.35, the 20-day EMA.

141 words

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.
  • RES 4: 100.05 High Mar 22
  • RES 3: 99.37 High Apr 4
  • RES 2: 99.10 High Apr 10
  • RES 1: 97.35/98.23 20-day EMA / High Apr 12
  • PRICE: 95.72 @ Close Apr 25
  • SUP 1: 95.36 Low Apr 25
  • SUP 2: 95.00 Round number support
  • SUP 3: 94.86 2.236 proj of the Mar 12 - 15 - 22 price swing
  • SUP 4: 94.52 2.382 proj of the Mar 12 - 15 - 22 price swing

A bearish theme in Gilt futures remains intact. Wednesday’s break of support at 96.01, the Apr 17 low, and yesterday’s extension confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. Furthermore, moving average studies have recently crossed, highlighting a bear-mode set-up. Scope is seen for a move towards the 95.00 handle next. Initial firm resistance is 97.35, the 20-day EMA.