Free Trial

(U17) 126.05 Support Key Today *RES 4:...>

GILT TECHS
GILT TECHS: (U17) 126.05 Support Key Today
*RES 4: 126.90 Daily Bull channel top 
*RES 3: 126.77 100-DMA 
*RES 2: 126.67 High July 24 
*RES 1: 126.47 High July 27
*PREVIOUS CLOSE: 126.35
*SUP 1: 126.05 High July 26 now support 
*SUP 2: 125.72 21-DMA 
*SUP 3: 125.62 High July 17 now support 
*SUP 4: 125.39 Daily Bull channel base
*COMMENTARY: Despite looking heavy and flirting with the 21-DMA Tuesday bears
were unable to manage the break below 152.62 needed to confirm focus on
124.71-95. Thursday gains sees bullish focus back on the 126.67127.19 region
where 55 & 100-DMAs are situated. Initial support is now noted at 126.05 with
bears needing a close below to ease immediate bullish pressure and below 125.62
to shift focus back to 124.71-95.

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.