Free Trial

(U17) Remains Capped Ahead Of 127.87.....>

GILT TECHS
GILT TECHS: (U17) Remains Capped Ahead Of 127.87
*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: 127.56
*SUP 1: 127.22 Low Aug 16 
*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: Support emerging ahead of the 126.54-127.06 support region is less
than ideal for bears who need a close below 126.54 to confirm breaks of key DMAs
and hint at a move back to 125.62. Correcting O/B studies add weight to the
bearish case. The 127.87 resistance remains key with a close above needed to
return focus to 128.24-68. Above 128.24 is needed to reconfirm the bullish bias.

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.