MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI: FED'S POWELL-DATA SHOWS SIGNS DISINFLATION IS RESUMING

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: US BLS: JOLTS QUITS RATE 2.2% IN MAY

MNI: US BLS: JOLTS OPENINGS RATE 8.140M IN MAY

MNI: US REDBOOK: JUN STORE SALES +5.6% V YR AGO MO

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U4) Bearish Outlook

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 98.89 High May 16 and a key resistance
  • RES 3: 98.25 High May
  • RES 2: 98.12 High May 17
  • RES 1: 97.44 High May 23
  • PRICE: 96.77 @ Close May 28
  • SUP 1: 96.60 Low May 24
  • SUP 2: 96.26 1.50 proj of the May 16 - 20- 21 price swing
  • SUP 3: 96.00 Round number support
  • SUP 4: 95.87 Low May 1

Gilt futures remain soft following the recent strong sell-off. The contract has traded through the 97.00 handle and a continuation lower would suggest scope for an extension towards 96.00, and a support around 95.87, the May 1 low. Initial resistance to watch is 97.44, the May 23 high. A break of this level would allow for a stronger near-term recovery, potentially towards resistance at 98.12, the May 21 high.

132 words

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.
  • RES 4: 98.89 High May 16 and a key resistance
  • RES 3: 98.25 High May
  • RES 2: 98.12 High May 17
  • RES 1: 97.44 High May 23
  • PRICE: 96.77 @ Close May 28
  • SUP 1: 96.60 Low May 24
  • SUP 2: 96.26 1.50 proj of the May 16 - 20- 21 price swing
  • SUP 3: 96.00 Round number support
  • SUP 4: 95.87 Low May 1

Gilt futures remain soft following the recent strong sell-off. The contract has traded through the 97.00 handle and a continuation lower would suggest scope for an extension towards 96.00, and a support around 95.87, the May 1 low. Initial resistance to watch is 97.44, the May 23 high. A break of this level would allow for a stronger near-term recovery, potentially towards resistance at 98.12, the May 21 high.