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Free AccessMNI Gilt Week Ahead
(M9) Bulls Still In Control *RES 4:......>
GILT TECHS: (M9) Bulls Still In Control
*RES 4: 132.98 High Aug 31, 2016
*RES 3: 131.51 High Sep 27, 2016
*RES 2: 131.08 High May 31
*RES 1: 131.00 Resistance
*PRICE: 130.60 @ Close May 31
*SUP 1: 129.63 Low May 24
*SUP 2: 128.19 Low May 21
*SUP 3: 127.73 Low May 8
Gilt futures edged back from best levels on Friday, but the bullish trend
remains intact. A break above 131.00 would put the focus on 131.08 ahead of the
Sep 27, 2016 high at 131.51 on the continuation chart. Bears need a break back
below the May 24 low at 129.63 to stabilise the outlook, while a break below the
May 21 low at 128.19 would suggest a potential downside reversal.
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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.