Free Trial

(U18) Correcting O/B Studies Weighing....>

GILT TECHS
GILT TECHS: (U18) Correcting O/B Studies Weighing
*RES 4: 125.42 High Dec 27 
*RES 3: 124.67 High May 29 
*RES 2: 123.93 Hourly resistance May 29 
*RES 1: 123.17 High June 1
*PREVIOUS CLOSE: 122.73
*SUP 1: 122.55 Low June 1 
*SUP 2: 121.86 High May 4 now support 
*SUP 3: 121.57 21-DMA 
*SUP 4: 121.28 55-DMA
*COMMENTARY: Aggressive gains lacked follow through last Tuesday which is less
than ideal for bulls given very O/B daily studies. Daily studies correcting from
O/B remain a key concern for bulls. Bulls now look for a close above 123.17 to
gain breathing room and above 123.93 to return immediate focus to 2018 highs.
While 123.17 caps bears focus on 120.96-121.57 where key DMAs are noted with a
close below 122.55 to add weight to their case.

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.