Free Trial

(M9) Bearish Break *RES 4: 129.22 High...>

GILT TECHS
GILT TECHS: (M9) Bearish Break
*RES 4: 129.22 High Sep 8 2017 (continuation chart) 
*RES 3: 126.52 High Dec 15 2017 (continuation chart) 
*RES 2: 129.74 High March 25 
*RES 1: 128.37 High April 10 
*PRICE: 127.63 @ Close Apr 11 
*SUP 1: 127.50 50-dma
*SUP 2: 127.16 Low Mar 20 
*SUP 3: 126.47 Low Mar 14 
*SUP 4: 125.55 Low Mar 1 
Gilt futures broke cleanly below the 128 level yesterday shifting the outlook
bearish and opening the 50-dma just below current levels at 127.50. Below here
would suggest a deeper pullback to the March 20 high at 127.16 ahead of the
March 14 low at 126.47. Bulls need to recover Wednesday's high at 127.63 to
shift the focus back to the March 25 high at 129.74 and extend the broader
rally. 

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.