Free Trial

(U18) Pressuring 123.06 Support *RES.....>

GILT TECHS
GILT TECHS: (U18) Pressuring 123.06 Support
*RES 4: 124.67 High May 29 
*RES 3: 124.27 High July 20 
*RES 2: 123.84 Hourly support July 19 now resistance 
*RES 1: 123.41 Hourly resistance July 23
*PREVIOUS CLOSE: 123.20
*SUP 1: 123.06 Low July 17 
*SUP 2: 122.76 Low July 9 
*SUP 3: 122.55 Low June 22 
*SUP 4: 122.41 55-DMA
*COMMENTARY: Failure to capitalise on Thursday's rally sees the contract looking
offered and immediate pressure back on the 123.06 support. Bears still need a
close below 123.06 to shift focus back to 122.28-55 where the 55-DMA (122.41) is
found. Bulls continue to look for a close above 123.84 to gain breathing room
and retain initial focus on 124.27-67.

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.