Free Trial

(U9) Resumption of bull trend *RES 4:....>

GILT TECHS
GILT TECHS: (U9) Resumption of bull trend
*RES 4: 137.88 1.500 projection of May 21 - Jul 4 rally from Jul 12 low
*RES 3: 137.27 1.382 projection of May 21 - Jul 4 rally from Jul 12 low
*RES 2: 136.00 Round number resistance
*RES 1: 135.84 High Aug 28
*PRICE: 135.79 @ Close Aug 28
*SUP 1: 135.06 Low Aug 28
*SUP 2: 134.33 Low Aug 27
*SUP 3: 133.38/35 Low Aug 23 / 38.2% retracement of the Jul 12-Aug 15 rally
*SUP 4: 132.69 Bull channel base / 50.0% retracement of the Jul 12-Aug 15 rally
U9 Gilt surged to fresh highs yesterday clearing the former contract high of
135.35 and resuming the primary uptrend. Prices have also traded through the
channel top at 135.37, drawn off the May 21 low. An ability to hold onto recent
gains and extend the rally would open 136.00 next. Yesterday's break above the
channel top is the third attempt this month. A failure to hold above it once
again, would highlight once more the risk of a correction near-term instead.

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.