MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

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

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: SWISS NOV CPI -0.1% M/M, +0.7% Y/Y

MNI: TURKEY NOV CPI +2.24% M/M

MNI:AUSTRALIA Q3 CURR ACCT BALANCE -14149M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

(U1) Resistance Remains Intact

GILT TECHS
  • RES 4: 128.10 2.500 projection of the May 13 - 19 price swing
  • RES 3: 128.00 Round number resistance
  • RES 2: 127.89 2.236 proj of the May 13 - 19 price swing
  • RES 1: 127.74/82 High May 7, 26 / High Apr 20 and a key resistance
  • PRICE: 127.25 @ Close May 28
  • SUP 1: 126.82 Low May 28
  • SUP 2: 126.55 Low May 21
  • SUP 3: 126.12 Low May 19
  • SUP 4: 125.94 Low May 13 and key support

The Gilt futures broader outlook remains bearish and the contract faced strong selling pressure on May 27. Recent gains are considered a correction and Thursday's move lower signals the potential end of the recent corrective bounce. If correct, scope exists for short-term weakness that would expose last month's low of 125.94 and the bear trigger. Key short-term resistance is marked by the highs of early May and late April. A break would be bullish.

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.