Free Trial

(U18) Flirting With 200-DMA *RES 4:.......>

JGB TECHS
JGB TECHS: (U18) Flirting With 200-DMA
*RES 4: 150.92 - Low July 20 now resistance
*RES 3: 150.85 - 21-DMA
*RES 2: 150.83 - 55-DMA
*RES 1: 150.79 - High July 25
*PRICE: 150.56 @ 2130GMT
*SUP 1: 150.51 - Low July 26 
*SUP 2: 150.45 - Hourly support July 24 
*SUP 3: 150.36 - High Feb 1 now support 
*SUP 4: 150.09 - 2018 Low Feb 2
*COMMENTARY: Failure to gain traction above the 200-DMA (150.75) has left the
contract looking offered and immediate focus back on the 150.36-51 support
region. Bears continue to look for a close below 150.36 to confirm immediate
focus on tests of 2018 lows. Bulls now look for a close above the 21-DMA to
shift initial focus back to 150.92-151.02.

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.