Free Trial

(Z17) 124.36-65 Resistance Region Key....>

GILT TECHS: (Z17) 124.36-65 Resistance Region Key
*RES 4: 124.91 Low Sept 14 now resistance 
*RES 3: 124.65 High Sept 19 
*RES 2: 124.36 High Sept 20 
*RES 1: 124.05 Hourly support Oct 2 now resistance
*SUP 1: 123.67 Low Oct 3 
*SUP 2: 123.48 Low Oct 2 
*SUP 3: 123.29 Hourly support Sept 28 
*SUP 4: 123.12 Low Sept 28
*COMMENTARY: The 124.36 resistance confirmed significance Monday with the
contract rallying only to be capped at 124.36. Bulls still need a close above
124.36 to gain breathing room and above 124.65 to shift immediate focus to
125.12-21 where the 21-DMA is noted. Bears now need a close below 123.48 to
reconfirm immediate focus on 123.12 and overall focus on 122.60.

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.