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Free Access(U0) Prices Break Down Further
- RES 4: 139.70 Low Mar 3 (cont)
- RES 3: 139.05 High Mar 12 (cont)
- RES 2: 138.99 High May 22 (cont)
- RES 1: 138.93 High Aug 4
- PRICE: 136.70 @ Close Aug 13
- SUP 1: 136.54 Low Aug 12
- SUP 2: 136.53 61.8 % Jun - Aug Rally
- SUP 3: 136.39 23.6% Mar - May Rally
- SUP 4: 135.32 200-dma (cont)
Gilts have now posted a losing streak of 8 consecutive lower lows, opening further the gap with contract highs printed just last week at 138.93. This has weakened the previously resolutely bullish outlook, with prices now below both the 50- and 100-dmas. The close below 137.51 is a bearish development, opening a further leg lower to Fib supports at 136.39/53.
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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.