Free Trial

(Z1) Downtrend Resumes

  • RES 4: 129.05 High Aug 31
  • RES 3: 128.77 High Sep 3
  • RES 2: 128.42 High Sep 7
  • RES 1: 128.18 High Sep 10 and key near-term resistance
  • PRICE: 127.57 @ 12:52 BST Sep 14
  • SUP 1: 127.50 Low Jun 28 (cont)
  • SUP 2: 127.39 1.50 proj of the Aug 20 - 26 - 31 price swing
  • SUP 3: 127.25 Low Jun 23 (cont)
  • SUP 4: 126.91 Low Jun 17 (cont)

Gilt futures are trading lower today. The outlook remains bearish following last week's extension lower that saw price clear former support at 128.11, Sep 1 low and trade through the 128.00 handle. Today's weakness again reinforces a bearish theme. The focus is on 127.50 next, Jun 28 low on the continuation chart ahead of 127.39, a Fibonacci projection. Key near-term resistance has been defined at 128.18, Sep 10 high.

To read the full story

Why Subscribe to


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.