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Free Access(Z17) 124.34 Support Remains Key *RES....>
GILT TECHS: (Z17) 124.34 Support Remains Key
*RES 4: 125.54 55-DMA
*RES 3: 125.22 100-WMA
*RES 2: 124.99 High Oct 18
*RES 1: 124.74 Hourly support Oct 18 now resistance
*PREVIOUS CLOSE: 124.50
*SUP 1: 124.64 Hourly resistance Oct 19 now support
*SUP 2: 124.34 Hourly resistance Oct 17 now support
*SUP 3: 124.02 Low Oct 17
*SUP 4: 124.01 21-DMA
*COMMENTARY: Bulls take comfort in the bounce from ahead of the 124.34 support
despite looking heavy Wednesday. Immediate focus has returned to the
124.99-125.22 resistance region. Bulls continue to look for a close above the
100-WMA to confirm immediate focus on 125.54-71 where 55 & 100-DMAs are noted.
Bears need a close below 124.34 to confirm an easing of bullish pressure and
below 123.86 to shift focus back to 123.12-32.
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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.