Free Trial

(U17) Fresh Rise Can Allow A Run At......>

GILT TECHS
GILT TECHS: (U17) Fresh Rise Can Allow A Run At 127.31 Swing Target Next
*RES 4: 127.53/70 Jun 16 low, 1% volatility band
*RES 3: 127.48 61.8% Fibo of 129.19-124.71
*RES 2: 127.31 1.618 swing of 126.67-125.63
*RES 1: 127.11 Aug 7 high
*PRICE: 126.96 @1030GMT
*SUP 1: 126.50/54 Hourly support, Aug 4 low
*SUP 2: 126.39 Aug 1 high, now support
*SUP 3: 125.90/10 Congestion area Jul 26-Aug 2
*SUP 4: 125.63/66 Jul 25, Aug 1 lows
*COMMENTARY* The strength found last Thursday to rise through 126.46-126.67
resistance. With the subsequent move through the 50% Fibo retrace level at
126.95 this can allow the added chance of a further 127.31 rise, if the swing
target of the 126.67-125.63 fall reaches its maximum potential. As a result,
support moves up initially to 126.50-54 with last Tuesday's 126.39 high, now
offering support of more consequence below.

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.