Free Trial

(Z17) 124.25-45 Support Region Key.......>

GILT TECHS
GILT TECHS: (Z17) 124.25-45 Support Region Key
*RES 4: 125.87 High Nov 8 
*RES 3: 125.71 Bollinger band top 
*RES 2: 125.41 Hourly support Nov 9 now resistance 
*RES 1: 125.19 100-DMA
*PREVIOUS CLOSE: 124.96
*SUP 1: 124.45 Low Nov 17 
*SUP 2: 124.25 Low Nov 14 
*SUP 3: 123.84 Low Nov 1 
*SUP 4: 123.51 Bollinger band base
*COMMENTARY: The 100-DMA capped last week with bulls now needing a close above
the 100-DMA to confirm focus on 125.87 November highs so far. The Bollinger top
comes in around 125.71 and is likely to limit follow through. The 124.25 support
is still seen as key this week. Bears need a close below to confirm a break of
the channel base (124.61) off Oct lows and return focus to 123.12-17 where Sept
& Oct lows are situated.

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.