Free Trial

(U9) Shooting Star Bearish/Island........>

GILT TECHS: (U9) Shooting Star Bearish/Island Reversal Noted
*RES 4: 135.16 Channel top from May 21 low
*RES 3: 135.01 Contract high Aug 7
*RES 2: 134.43 Gap top from Aug 7 close
*RES 1: 134.17 High Aug 8
*PRICE: 133.84 @ Close Aug 8
*SUP 1; 133.49 Gap base from Aug 2 close
*SUP 2: 133.24 21-DMA, Gap base from Aug 1 close
*SUP 3: 132.45 High Jul 4
*SUP 4: 132.00 61.8% of 135.01 to 130.14
U9 Gilt forming a potential shooting star/island reversal pattern playing out on
daily charts with price action eroding below the 5-day moving average. Downside
gap to 133.49 noted with correction noted out to 133.24 - the value of the
21-DMA and another gap from Aug 2 close.

To read the full story



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.