Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z1) Gains Considered Corrective

  • RES 4: 126.84 Low Sep 17
  • RES 3: 126.44 High Sep 24
  • RES 2: 125.72 High Oct 1
  • RES 1: 125.40 20-day EMA
  • PRICE: 125.07 @ Close Oct 15
  • SUP 1: 124.08/123.44 Low Oct 13 / Low Oct 11 and the bear trigger
  • SUP 2: 123.16 Low Feb 27, 2019 (cont)
  • SUP 3: 122.75 2.236 proj of the Aug 31 - Sep 17 - 21 price swing
  • SUP 4: 122.15 Low Jan 18, 2019 (cont)

Gilt futures remain above recent lows. Short-term gains are considered corrective and last week's gains have allowed a recent oversold condition to unwind. Resistance is seen at the 20-day EMA that intersects at 125.40. A break of this resistance area would signal scope for a stronger recovery. The broader trend direction remains down and a resumption of weakness would refocus attention on last week's low of 123.44 and the bear trigger.

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.