Free Trial

(M4) Downtrend Intact

GILT TECHS
  • RES 4: 99.42 1.236 projection of the Feb 22 - 26 price swing
  • RES 3: 99.08 1.00 projection of the Feb 22 - 26 price swing
  • RES 2: 98.74 0.764 projection of the Feb 22 - 26 price swing
  • RES 1: 98.53 High Feb 26
  • PRICE: 97.86 @ Close Feb 26
  • SUP 1: 97.65 Low Feb 26
  • SUP 2: 97.10 Low Feb 22
  • SUP 3: 97.00 Round number support
  • SUP 4: 96.67 Low Dec 5

A bear threat in Gilt futures remains present and the contract continues to trade closer to its recent lows. The recent breach of support levels strengthens a bearish theme and confirms a resumption of the downtrend. Sights are on the 96.00 handle next. On the upside, initial firm resistance is at 98.53, Monday’s high. Short-term gains would be considered corrective ahead of a resumption of weakness.

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.