Free Trial

(Z18) Finds Support *RES 4: 151.13 -......>

JGB TECHS
JGB TECHS: (Z18) Finds Support
*RES 4: 151.13 - High May30
*RES 3: 151.00 - High Jul20
*RES 2: 150.98 - High Jul23
*RES 1: 150.90 - Down Trendline Resistance
*PRICE: 150.68 @ 16:59 GMT, Nov 1
*SUP 1: 150.48/27 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 4: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
After shedding well over 30 ticks from the recent cycle high, JGBs found some
support Thursday to keep a recovery through 150.86 in contention. The pullback
dented momentum somewhat, but the short-term trend does continue to point
higher. The recovery back above the 200-dma at 150.61 opens a move toward the
150.90 downtrend line resistance ahead of late July highs. Key support next
kicks in at the 100- and 50-dmas at 150.48 and 150.31.

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.