Free Trial

(U18) Approaching Key Support Levels.....>

GILT TECHS
GILT TECHS: (U18) Approaching Key Support Levels
*RES 4: 127.00 Measured move from triangle breakout 
*RES 3: 124.67 High May 29 
*RES 2: 124.27 High July 20 
*RES 1: 124.07 High Aug 17 
*PREVIOUS CLOSE: 123.35 
*SUP 1: 123.16 Low Aug 14 
*SUP 2: 123.12 21-DMA 
*SUP 3: 122.62 Low Aug 7 
*SUP 4: 121.99 Low Aug 2 
The failure to break above down trendline resistance from the May 29 peak has
seen bears take charge. The Aug 14 low at 123.16 and 21-dma at 123.21 are the
next downside targets and below here the Aug lows at 121.99 would come into
play. For bulls to regain control, a recovery above the May 29 spike high of
124.67 will be required.

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.