MNI BRIEF: Fed's Daly Sees No Need To 'Push Economy Down'

MNI BRIEF: Canada Warns Of Another Difficult Wildfire Season

MNI: BANXICO HOLDS RATES STEADY AT 11%

MNI BRIEF: China Holiday Consumer Market “Prosperous” - MOFCOM

MNI BRIEF: China Daily Steel Output Highest Since Aug 2023

MNI BRIEF: Global Rates Divergence To Slow EM Easing- CBRT

MNI JAPAN MARCH HOUSEHOLD SPENDING -1.2% Y/Y; FEB -0.5%

MNI: FED BALANCE SHEET TOTAL ASSETS -$9B TO $7.353T IN WEEK

US Treasury Auction Calendar

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Bearish Trend Sequence Remains Intact

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: 97.23/98.23 20-day EMA / High Apr 12
  • PRICE: 96.08 @ Close Apr 26
  • 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. Last Wednesday’s break of support at 96.01, the Apr 17 low, 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 97.23, the 20-day EMA.

139 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: 97.23/98.23 20-day EMA / High Apr 12
  • PRICE: 96.08 @ Close Apr 26
  • 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. Last Wednesday’s break of support at 96.01, the Apr 17 low, 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 97.23, the 20-day EMA.