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Free Access(U17) Below 127.76 To Ease Bullish.......>
GILT TECHS: (U17) Below 127.76 To Ease Bullish Pressure
*RES 4: 129.19 Monthly High June 14
*RES 3: 129.01 High June 15
*RES 2: 128.68 High June 21, Bollinger band top
*RES 1: 128.24 High Aug 11
*PREVIOUS CLOSE: 128.08
*SUP 1: 127.80 Low Aug 24
*SUP 2: 127.76 Hourly resistance Aug 22 now support
*SUP 3: 127.49 Low Aug 22
*SUP 4: 127.29 21-DMA
*COMMENTARY: Bears failed to capitalise on pressure on the 127.49 support with
the pair bouncing back towards the 128.24 resistance last week. Bulls need a
close above 128.24 to reconfirm the bullish bias and initially target
128.68-129.19. Bears continue to look for close below 127.76 to ease pressure on
128.24 and below 127.49 to shift immediate focus to 126.87-127.29 where key DMAs
are clustered.
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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.