Free Trial

(U17) 150.43-57 Support Region Key .......>

JGB TECHS
JGB TECHS: (U17) 150.43-57 Support Region Key 
*RES 4: 151.08 - High May 1
*RES 3: 150.92 - Low Apr 26 now resistance
*RES 2: 150.89 - High June 7
*RES 1: 150.71 - 55-WMA
*PRICE: 150.65 @ 2130GMT
*SUP 1: 150.57 - Low Aug 17 
*SUP 2: 150.50 -100-DMA 
*SUP 3: 150.43 - 200-DMA 
*SUP 4: 150.31 - 55-DMA
*COMMENTARY: Closes above 100 and 200 DMAs adds support to the bullish case with
focus on layers of resistance 150.71-150.92 where WMAs are noted. The Bollinger
top (150.67) and O/B studies are key concerns for bulls with potential to limit
follow through. Initial support is noted at 150.57 with bears needing a close
below to ease bullish pressure and below the 200-DMA to shift focus back to 21 &
55-DMAs 150.31

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.