Free Trial

(Z17) Uncomfortable Above 100-DMA *RES...>

JGB TECHS
JGB TECHS: (Z17) Uncomfortable Above 100-DMA 
*RES 4: 150.96 - High Sept 22
*RES 3: 150.70 - 55-DMA
*RES 2: 150.65 - Low Sept 20 now resistance
*RES 1: 150.53 - High Nov 1
*PRICE: 150.45 @ 2030GMT
*SUP 1: 150.42 - Low Nov 1 
*SUP 2: 150.40 - 21-DMA 
*SUP 3: 150.35 - Low Oct 27 
*SUP 4: 150.26 - Low Oct 25
*COMMENTARY: Pops above the 100-DMA continue as does the lack of topside follow
through which is a concern for bulls who need a close above 150.53 now to shift
immediate focus to 150.56-70 where the 55-DMA is noted. Bears continue to look
for a close below the 21-DMA to ease pressure on resistance layers and shift
immediate focus back to 150.19 and overall focus to 150.06-08.

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.