Free Trial

(Z18) Bulls Fail To Hold Gains *RES 4:...>

GILT TECHS
GILT TECHS: (Z18) Bulls Fail To Hold Gains
*RES 4: 122.74 High Sep 4 
*RES 3: 122.52 High Sep 6 
*RES 2: 121.95 High Sep 12 
*RES 1: 121.35 High Sep 21 
*PREVIOUS CLOSE: 120.87 
*SUP 1: 120.35 Low Sep 25 
*SUP 2: 120.89 June May 17 (continuation chart) 
*SUP 3: 120.73 April 25 (continuation chart) 
*SUP 4: 120.13 Feb 15 (continuation chart) 
Bulls were unable to cling to early gains as bears took charge ahead of the Sep
21 high at 121.35. The focus remains on the 120.35 level which marks Tuesday's
low, and a break below here would cement the downtrend and bring the May lows
into play on the continuation chart.  Bulls need a break above 121.35 to shift
the outlook back to neutral and open up the Sep 12 highs. 

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.