Free Trial

(U0) Breaches Key Resistance *RES 4:.....>

GILT TECHS: (U0) Breaches Key Resistance
*RES 4: 139.70 Low Mar 3 (cont)
*RES 3: 139.05 High Mar 12 (cont)
*RES 2: 138.48 1.00 projection of Jun 19 - 25 rally from Jul 1 low
*RES 1: 138.15 High Jul 10
*PRICE: 137.88 @ Close Jul 10
*SUP 1: 137.38 Jul 8 low
*SUP 2: 136.95 Low Jul 1
*SUP 3: 136.82 Low Jun 24 and the 50-day EMA
*SUP 4: 136.48 Low Jun 19 and key support
Gilts futures are bullish and edged higher again Friday, this time also clearing
the key resistance and bull trigger at 138.02, May 22 high. The breach of this
hurdle confirms a resumption of the underlying broader uptrend and paves the way
for gains towards 139.05, Mar 12 high (cont). Key support has been defined at
136.95, Jul 1 low where a break is required to threaten the positive theme.
Initial support to watch is 137.38.

To read the full story

Why Subscribe to


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.