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Free Access(M9) Unable To Overcome April Highs......>
GILT TECHS: (M9) Unable To Overcome April Highs
*RES 4: 129.74 High March 25
*RES 3: 128.66 High April 3
*RES 2: 128.37 High April 10
*RES 1: 127.91 High April 26
*PRICE: 127.22 @ Close May 2
*SUP 1: 126.94 Low Apr 30
*SUP 2: 126.60/47/44 Low Apr 18/ Low Mar 14/ Low Mar 12
*SUP 3: 125.55 Low Mar 1
*SUP 4: 125.00 Low Jan 16
Gilt futures came within touching distance of the April 26 high at 127.91
yesterday before giving back gains to put the focus back on the April 30 low at
126.94. A break below here opens the key neckline support area at 126.60/47/44
marking the April 18/March 14/March 12 lows. On the upside a break above 127.91
would open the April 10 high at 128.37 ahead of the April 2 high at 129.42.
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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.