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Free Access(U17) 127.87 Resistance Key Today *RES...>
GILT TECHS: (U17) 127.87 Resistance Key Today
*RES 4: 129.01 High June 15
*RES 3: 128.68 High June 21
*RES 2: 128.24 High Aug 11
*RES 1: 127.87 High Aug 14
*PREVIOUS CLOSE: 127.40
*SUP 1: 127.33 Low Aug 15
*SUP 2: 127.06 Low Aug 9
*SUP 3: 126.76 Hourly resistance Aug 7 now support
*SUP 4: 126.50 Hourly support Aug 3
*COMMENTARY: Lower daily highs and lows are a concern for bulls as daily studies
correcting from O/B add weight to the case for a decent correction. Layers of
support remain 162.54-127.06 where key DMAs are situated. Bears need a close
below 126.54 to end bullish hopes, initially targeting 125.62 with overall focus
shifting to 124.71-95. The 127.87 resistance is key today with a close above
needed to return focus to 128.24-68.
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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.