Free Trial

(Z18) Extending Losses *RES 4: 125.64....>

GILT TECHS
GILT TECHS: (Z18) Extending Losses
*RES 4: 125.64 High May 29 (continuation chart) 
*RES 3: 124.27 High Jul 17 (continuation chart) 
*RES 2: 123.15 High Oct 29 
*RES 1: 122.64 High Oct 31 
*PREVIOUS CLOSE: 122.21 
*SUP 1: 121.87 Low Nov 1 
*SUP 2: 120.54 55-dma 
*SUP 3: 121.25 21-dma 
*SUP 4: 120.00 Support 
Gilt futures extended losses yesterday despite recovering most of its losses by
the close. Bears now need to break below yesterday's low at 121.87 to open the
55-dma at 120.54, below which the outlook turns bearish. On the upside, a
recovery of the Oct 31 high at 122.64 is needed to shift the outlook bullish and
target Monday's high at 123.15.

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.