FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U1) Eyeing The Bull Trigger

GILT TECHS
  • RES 4: 131.72 38.2% retracement of the Mar'20 - Jun'21 sell-off
  • RES 3: 131.37 38.2% retracement of the Aug '20 - Jun sell-off
  • RES 2: 130.72 High Aug 3 / 2.236 of the May 13-26-Jun 3 price swing
  • RES 1: 130.46 200-dma (cont)
  • PRICE: 130.13 @ Close Aug 23
  • SUP 1: 129.22/129.19 Low Aug 6 / 50-day EMA
  • SUP 2: 128.54/39 Low Jul 14 / High Jun 11
  • SUP 3: 128.03 Jul 6
  • SUP 4: 127.87 Low Jul 1

Gilt futures outlook remains bullish. Recent gains stalled ahead of the 200-dma and the contract touched a high of 130.72 on Aug 4. The pullback that followed from 130.72 is considered corrective with key support at the 50-day EMA, currently at 129.19. The bull trigger is unchanged at 130.72 with the 200 dma at 130.46 (cont) also representing a key hurdle for bulls. A clear break of the 50-day EMA would alter the picture.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.