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(U9) Bearish Reversal? *RES 4: 130.95....>

GILT TECHS
GILT TECHS: (U9) Bearish Reversal?
*RES 4: 130.95 High Sep 29, 2016 on continuation charts
*RES 3: 130.65/70 Channel top from May 23, High Oct 4, 2016 on continuation
*RES 2: 130.52 Bollinger band top
*RES 1: 130.28 U9 contract high
*PRICE: 129.98 @ Close June 5
*SUP 1: 129.52 Low June 4
*SUP 2: 129.14 Projected channel base from May 21
*SUP 3: 128.42 21-dma
*SUP 4: 127.55 55-dma
U9 Gilt futures hit fresh contract high at 130.28 with risks seen skewed to the
upside, despite overbought readings on daily studies. Focus is on the daily
Bollinger band top at 130.52 and above here at 130.65/70, where former is
channel top from May 23 and latter Oct 4 2016 high on continuation charts.
Medium-term outlook remains constructive whilst above 129.14 channel.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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