Free Trial

(M9) Brexit Headlines Dominate *RES 4:...>

GILT TECHS
GILT TECHS: (M9) Brexit Headlines Dominate
*RES 4: 129.74 High March 25 
*RES 3: 129.42 High April 2 
*RES 2: 129.31 High May 17 
*RES 1: 128.86 High May 21 
*PRICE: 128.56 @ Close May 21 
*SUP 1: 128.19 Low May 21 
*SUP 2: 127.73 Low May 8 
*SUP 3: 127.83/82 21-dma/55-dma 
*SUP 4: 127.19 100-dma
Positive Brexit headlines saw Gilt futures extend their selloff to as low as
128.19 yesterday but prices recovered into the close alongside the downside
reversal in cable. Bears target yesterday low to extend the selloff towards the
May 8 low at 127.73, ahead of the 21/55-dmas at 127.83/82. To reignite upside
momentum bulls target yesterday's high at 128.86. Above here would open Friday's
high at 129.31 and the April 2 high at 129.42.

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.