Free Trial

(Z17) Focus Shifts To 100-WMA *RES 4:....>

GILT TECHS
GILT TECHS: (Z17) Focus Shifts To 100-WMA
*RES 4: 125.76 100-DMA 
*RES 3: 125.56 55-DMA 
*RES 2: 125.22 100-WMA 
*RES 1: 124.96 High Oct 17
*PREVIOUS CLOSE: 124.80
*SUP 1: 124.52 Hourly support Oct 17 
*SUP 2: 124.34 Hourly resistance Oct 17 now support 
*SUP 3: 124.02 Low Oct 17 
*SUP 4: 123.86 Hourly resistance Oct 16 now support
*COMMENTARY: Very narrowed Bollinger bands suggested a breakout and bulls have
not been disappointed with a close above 124.65 shifting immediate focus to the
100-WMA and then the 125.56-00 region above where 55 & 100-DMAs are situated.
Layers of support have followed higher with bears needing a close below 124.34
to ease bullish pressure and shift focus back to 123.12-32.

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.