Free Trial

(M9) Consolidating Gains *RES 4:.........>

GILT TECHS
GILT TECHS: (M9) Consolidating Gains
*RES 4: 132.98 High Aug 31, 2016 
*RES 3: 131.51 High Sep 27, 2016 
*RES 2: 131.00 Resistance 
*RES 1: 130.07 High May 23
*PRICE: 129.90 @ Close May 24 
*SUP 1: 129.63 Low May 24 
*SUP 2: 128.19 Low May 21 
*SUP 3: 127.73 Low May 8 
*SUP 4: 128.16/127.98 21-dma/55-dma 
Gilt futures consolidated their gains above the March highs on Friday with
pullbacks remaining corrective amid the broader rally. Bulls now look to
Thursday's high at 130.07 to extend the uptrend towards the 131 l31 level, with
a break opening the Sep 27, 2016 high at 131.51. Bears need a break back below
Friday's low at 129.63 to stabilise the outlook while a break below Tuesday's
low at 128.19 would suggest a potential downside reversal.

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.