Free Trial

(Z17) Bulls Need Close Above 125.51......>

GILT TECHS
GILT TECHS: (Z17) Bulls Need Close Above 125.51
*RES 4: 126.67 High Sept 14 
*RES 3: 126.25 55-WMA 
*RES 2: 126.00 Low Sept 13 now resistance 
*RES 1: 125.51 High Nov 7
*PREVIOUS CLOSE: 125.38
*SUP 1: 124.95 Low Nov 7 
*SUP 2: 124.66 Hourly support Nov 2 
*SUP 3: 124.30 Hourly resistance Nov 1 now support 
*SUP 4: 123.84 Low Nov 1
*COMMENTARY: Bulls took comfort in the break of the daily bear channel top and
21-DMA (124.37) that resulted in a rally Thursday and tests of 100 DMA & WMAs.
Bulls now look for a close above 125.51 to open up for a move back to 126.67-80.
The 124.30-66 support region is key this week. Bears need a close below 124.30
end bullish hopes and return pressure to 123.71.

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.