Free Trial

(Z18) Downtrend Breaks *RES 4: 121.95....>

GILT TECHS
GILT TECHS: (Z18) Downtrend Breaks
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.55 55-dma
*RES 1: 121.48 High Oct 2 
*PREVIOUS CLOSE: 120.87 
*SUP 1: 120.57 21-dma
*SUP 2: 120.00 Support 
*SUP 3: 119.36 Low Oct 10 
*SUP 4: 118.93 Low April 2016 (continuation chart) 
The October 2 highs represent the next upside target for Gilt futures following
yesterday's gains as the downtrend from the September highs gives way. A break
above here gives bulls the upper hand and targets the 55-dma at 121.55. To
return the focus to the downside bears initially need to retake 120.00 before
targeting the Oct 10 low at 119.36.

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.