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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.
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Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
(U9) Corrective cycle still in play....>
SCHATZ TECHS: (U9) Corrective cycle still in play
*RES 4: 135.34 Contract high Aug 15
*RES 3: 135.15 High Aug 20
*RES 2: 134.76 High Aug 21and key intraday resistance
*RES 1: 134.50 High Aug 23
*PRICE: 134.21 @ Close Aug 23
*SUP 1: 133.38/35 Low Aug 23 / 38.2% retracement of the Jul 12-Aug 15 rally
*SUP 2: 132.74 50.0% retracement of the Jul 12-Aug 15 rally
*SUP 3: 132.67 Low Aug 1
*SUP 4: 132.54 Trendline support drawn off the May 21 low
U9 Gilt found support Friday just ahead of the 38.2% Fibonacci level. The risk
for an extension lower as part of a correction remains in place. Momentum
studies are in a bear mode and last weeks activity confirmed the break of
trendline support, drawn off the Jul 25 low and, a head and shoulders reversal.
A move below 133.38/35 would open 132.74, 50% of the Jul 12 - Aug 15 rally. For
bullish interest to again resurface, prices need to move above 134.76.
To read the full story
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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.