Free Trial

(M9) Looking Toppy *RES 4: 129.74 High...>

GILT TECHS
GILT TECHS: (M9) Looking Toppy
*RES 4: 129.74 High March 25 
*RES 3: 129.42 High April 2 
*RES 2: 129.31 High May 17 
*RES 1: 128.93 Hourly High May 20 
*PRICE: 128.68 @ Close May 20 
*SUP 1: 128.50 Low May 16 
*SUP 2: 127.73 Low May 8 
*SUP 3: 127.78/78 55-DMA/21-DMA 
*SUP 4: 127.14 100-DMA 
Gilt futures are looking toppy as bears look for a break below Thursday's low at
128.50. Below here would suggest a potential downside reversal towards the May 8
low at 127.73, ahead of the 21/55-dmas at 127.78. To reignite upside momentum
bulls target yesterday's hourly high at 128.93. 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.