Free Trial

(Z17) 21-DMA Support Remains Key *RES....>

GILT TECHS
GILT TECHS: (Z17) 21-DMA Support Remains Key
*RES 4: 127.71 Bollinger band top 
*RES 3: 127.54 High Aug 30 
*RES 2: 127.44 High Sept 1 
*RES 1: 127.26 Hourly resistance Sept 1
*PREVIOUS CLOSE: 127.07
*SUP 1: 127.01 Daily Bull channel base 
*SUP 2: 126.80 Low Aug 24 
*SUP 3: 126.76 21-DMA 
*SUP 4: 126.49 Low Aug 23
*COMMENTARY: Lower daily highs and lows the latter part of last week are
weighing with a dip below the bull channel base Friday and focus now on the
21-DMA. Bears need a close below the 21-DMA to confirm an easing of bullish
pressure and to shift focus to 125.93-126.49 where 55 & 100-DMAs are noted.
Bulls look for a close above 127.54 to return focus to 127.83-128.10 where the
bull channel top it noted.

To read the full story

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.