Free Trial
OIL

Saudi/Russia Praises OPEC+ Framework

US TSY FUTURES

5yr Block trade

SOUTH AFRICA

RBC Like Short ZAR vs. MXN, BRL

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2) Northbound

GILT TECHS
  • RES 4: 118.71 1.50 proj of the Jun 16 - 24- 29 price swing
  • RES 3: 118.63 High May 24
  • RES 2: 118.16 1.382 proj of the Jun 16 - 24- 29 price swing
  • RES 1: 118.08 High Jul 26
  • PRICE: 117.73 @ Close Jul 26
  • SUP 1: 116.41/115.65 Low Jul 22 / 20-day EMA
  • SUP 2: 114.08/113.03 Low Jul 8 / Low Jun 30
  • SUP 3: 111.72 Low Jun 29 and key near-term support
  • SUP 4: 110.57 Low Jun 21

The short-term outlook in Gilt futures remains bullish and the contract resumed its climb on Tuesday. This highlights an extension of the recent breach of resistance at 117.09, the Jul 6 high. The move higher maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 118.16 next, a Fibonacci projection. On the downside, key short-term support has been defined at 114.08, the Jul 8 low.

152 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 118.71 1.50 proj of the Jun 16 - 24- 29 price swing
  • RES 3: 118.63 High May 24
  • RES 2: 118.16 1.382 proj of the Jun 16 - 24- 29 price swing
  • RES 1: 118.08 High Jul 26
  • PRICE: 117.73 @ Close Jul 26
  • SUP 1: 116.41/115.65 Low Jul 22 / 20-day EMA
  • SUP 2: 114.08/113.03 Low Jul 8 / Low Jun 30
  • SUP 3: 111.72 Low Jun 29 and key near-term support
  • SUP 4: 110.57 Low Jun 21

The short-term outlook in Gilt futures remains bullish and the contract resumed its climb on Tuesday. This highlights an extension of the recent breach of resistance at 117.09, the Jul 6 high. The move higher maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 118.16 next, a Fibonacci projection. On the downside, key short-term support has been defined at 114.08, the Jul 8 low.