Trial now
US TSYS

Curve Flattens Further Ahead Of Jobless Claims

COMMODITIES

Oil Markets Off Bottom, But Bounce is Shallow

OPTIONS

Expiries for Aug05 NY cut 1000ET (Source DTCC)

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 130.72 2.236 proj of the May 13 - 26 - Jun 3 price swing
  • RES 3: 130.62 High Feb 22 (cont)
  • RES 2: 130.30 2.00 proj of the May 13 - 26 - Jun 3 price swing
  • RES 1: 130.29 High Jul 19
  • PRICE: 129.95 @ Close Jul 19
  • SUP 1: 129.19 Low Jul 19
  • SUP 2: 128.54/39 Low Jul 14 / High Jun 11 and recent breakout level
  • SUP 3: 128.03 Jul 6
  • SUP 4: 127.25 Low Jun 10

Gilt futures started the week on a firm note and rallied yesterday. The move higher resulted in a probe of key short-term resistance at 129.92, the Jul 8 high. A clear breach of this level would confirm a resumption of the uptrend that started mid-May and maintain a bullish price sequence of higher highs and higher lows. MA studies also support a bullish outlook. The focus is on 130.62, the Feb 22 high (cont). Firm support is at 128.54, Jul 14 low.