Free Trial

(U18) Bulls Have It All To Do *RES 4:.....>

JGB TECHS
JGB TECHS: (U18) Bulls Have It All To Do
*RES 4: 151.13 - High May 30 (Continuation chart)
*RES 3: 150.72 - 200-DMA
*RES 2: 150.80 - High July 31
*RES 1: 150.54 - 50-DMA (Continuation chart)
*PRICE: 150.32 @ 16:52 GMT
*SUP 1: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 2: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
*SUP 3: 149.28 - Spike Low Feb 3, 17 (Continuation chart)
*SUP 4: 148.65 - High Jan 19, 15 (Continuation chart)
The outlook remains bearish, though JGBs have recovered from the drop to a
three-week low of 150.22, defying near-term bears looking for a fall through the
Jul 7 2017 spike low on the continuous contract at 149.65. Over the medium-term,
bulls have it all to do, with 50-DMA at 150.54 opening a cluster of moving
average tests at 100-DMA at 150.67 and 200-DMA at 150.72 that will need to be
broken to reverse the bearish trend.

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.