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Free Access(Z17) Bulls Initially Targeting..........>
GILT TECHS: (Z17) Bulls Initially Targeting 125.87-00
*RES 4: 126.00 Low Sept 13 now resistance
*RES 3: 125.87 High Nov 8
*RES 2: 125.70 Bollinger band top
*RES 1: 125.47 High Nov 27
*PREVIOUS CLOSE: 125.21
*SUP 1: 125.09 Low Nov 24
*SUP 2: 124.99 Daily Bull channel base
*SUP 3: 124.75 Low Nov 22
*SUP 4: 124.45 Low Nov 17
*COMMENTARY: The 124.99-125.09 support region is key today following the lack of
topside follow through Monday. Bears need a close below the daily bull channel
base to pressure support layers in the 124.25-75 region. Below 124.75 confirms
an easing of bullish pressure and below 124.25 to confirm a break of the 55
(124.47) DMA targeting 123.12-17 with below 123.84 to add weight to the case.
Bulls currently focus on 125.87-00.
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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.