MNI BRIEF: China CPI Expected To Rise Moderately - NBS

MNI BRIEF: China Aug Output, Investment Hit Lowest Of The Year

MNI: PBOC Net Injects CNY138.7 Bln via OMO Saturday

CHINA AUG INDUSTRIAL OUTPUT +4.5% Y/Y VS MEDIAN +4.6% Y/Y: NBS

CHINA PBOC CONDUCTS CNY138.7 BLN VIA 7-DAY REVERSE REPOS SAT

MNI BRIEF: Turkish Central Bank Sees Further Disinflation

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

MNI BRIEF: China Aug M1 Drops Further To Hit Record Low

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

(U4) Support Remains Intact

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 102.15 2.382 proj of the May 29 - Jun 4 - 10 price swing
  • RES 3: 102.00 Round number resistance
  • RES 2: 101.78 2.236 proj of the May 29 - Jun 4 - 10 price swing
  • RES 1: 100.43/101.46 High Aug 6 / 5
  • PRICE: 100.23 @ Close Aug 13
  • SUP 1: 99.26 20-day EMA
  • SUP 2: 98.61/97.46 50-day EMA / Low Jul 26 and a key support
  • SUP 3: 96.96 Low Jul 3
  • SUP 4: 96.57 Low Jul 1

The trend condition in Gilt futures remains bullish and the latest pullback appears to have been a correction. Recent gains confirmed a resumption of the uptrend that started May 29. Resistance at 99.23, the Jun 21 peak, has been cleared and scope is seen for a climb towards 101.78, a Fibonacci projection point. Initial key support lies at 99.26, the 20-day EMA. The latest pullback has allowed an overbought condition to unwind.

151 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: 102.15 2.382 proj of the May 29 - Jun 4 - 10 price swing
  • RES 3: 102.00 Round number resistance
  • RES 2: 101.78 2.236 proj of the May 29 - Jun 4 - 10 price swing
  • RES 1: 100.43/101.46 High Aug 6 / 5
  • PRICE: 100.23 @ Close Aug 13
  • SUP 1: 99.26 20-day EMA
  • SUP 2: 98.61/97.46 50-day EMA / Low Jul 26 and a key support
  • SUP 3: 96.96 Low Jul 3
  • SUP 4: 96.57 Low Jul 1

The trend condition in Gilt futures remains bullish and the latest pullback appears to have been a correction. Recent gains confirmed a resumption of the uptrend that started May 29. Resistance at 99.23, the Jun 21 peak, has been cleared and scope is seen for a climb towards 101.78, a Fibonacci projection point. Initial key support lies at 99.26, the 20-day EMA. The latest pullback has allowed an overbought condition to unwind.