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Free Access(U17) Focus Still On 125.63 Support......>
GILT TECHS: (U17) Focus Still On 125.63 Support
*RES 4: 127.31 1.618 swing of 126.67-125.63
*RES 3: 126.95 50% Fibo of 129.19-124.71
*RES 2: 126.65/67 Jul 21, Jul 24 highs
*RES 1: 126.46/49 Jul 25 hourly recovery high, Jul 28 high
*PRICE: 125.94 @1044GMT
*SUP 1: 125.63/66 Jul 25, Aug 1 lows
*SUP 2: 125.46/56 61.8% Fibo of 124.71-126.67, Jul 10 high
*SUP 3: 124.89/95 1% volatility band, Jul 14 low
*SUP 4: 124.71 Jul 7 low
*COMMENTARY* Unable as yet to sustain a break back above 126.46, let alone the
126.65-67 area which is needed to switch the overall focus to higher and on
126.95-127.31 next. The subsequent fall now looks to test support from above
125.63. The latter now needing to hold, or risk once again reverts to to the
downside, with 125.56-125.46 then the brake to a deeper 124.90-124.95 fall.
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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.