Free Trial

(U18) Further Fall Currently Protected...>

GILT TECHS
GILT TECHS: (U18) Further Fall Currently Protected By 122.81 Support
*RES 4: 124.18 Hourly high May 29 
*RES 3: 123.84 Hourly recovery high May 29
*RES 2: 123.58 Hourly recovery high May 30
*RES 1: 123.40 Hourly resistance
*PRICE: 122.87 @0843GMT 
*SUP 1: 122.81 May 29 low
*SUP 2: 122.67 May 25 high, now support
*SUP 3: 122.32/34 Hourly base May 25, 50% of 120.01-124.67
*SUP 4: 121.77/79 May 24 high, 61.8% Fibo of 120.01-124.67
*COMMENTARY* Continued to post gains, reaching a high of 124.67 on Tuesday,
before retreating given the overbought nature of near term studies. Has pulled
back to 122.81 so far, beneath Tuesday's opening level at 122.99. As a result,
nearest resistance falls to 123.40-123.58. Back above the latter and then still
has 123.84-124.18 in the way of a return to recent 124.67 high. Below 122.81 and
look to 122.67-122.32 next.

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.