Free Trial

(U18) Above 123.64 To Target 124.67......>

GILT TECHS
GILT TECHS: (U18) Above 123.64 To Target 124.67
*RES 4: 123.93 Hourly resistance May 29 
*RES 3: 123.86 Bollinger band top 
*RES 2: 123.64 High May 30 
*RES 1: 123.19 High June 19
*PREVIOUS CLOSE: 122.88
*SUP 1: 122.73 Low June 20 
*SUP 2: 122.34 21-DMA 
*SUP 3: 122.14 Hourly support June 14 
*SUP 4: 121.68 Hourly support June 12
*COMMENTARY: Bulls took comfort in the pop above 123.17 but follow through
remains lacking. Bulls continue to look for a close above 123.64 to initially
target 124.67. Layers of support accumulating adds to bullish confidence. Bears
now need a close below 122.73 to gain breathing room and below 122.14 to shift
initial focus back to 121.33-73 where the 55-DMA (121.52) is located.

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.