Free Trial

(Z18) Bullish Break *RES 4: 123.11.......>

GILT TECHS
GILT TECHS: (Z18) Bullish Break
*RES 4: 123.11 High Aug 17 
*RES 3: 122.74 High Sep 4 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.75 100-dma 
*PREVIOUS CLOSE: 121.54 
*SUP 1: 120.63 21-dma 
*SUP 2: 120.00 Support 
*SUP 3: 119.36 Low Oct 10 
*SUP 4: 118.93 Low April 2016 (continuation chart) 
Dec-18 Gilt futures took out their 55-dma and the Oct 2 high yesterday to shift
the outlook bullish and target the 100-dma just ahead at 121.75. A break above
here would signal further medium-term gains towards the Sep highs. Bears need to
reclaim the 21-dma which acts as support, below which the 120.00 level comes
back into focus.

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.