Free Trial

(Z18) More Weakness Ahead *RES 4:........>

GILT TECHS
GILT TECHS: (Z18) More Weakness Ahead
*RES 4: 123.11 High Aug 17 
*RES 3: 122.74 High Sep 4 
*RES 2: 122.52 High Sep 6 
*RES 1: 121.95 High Sep 12 
*PREVIOUS CLOSE: 121.57 
*SUP 1: 121.23 Low Aug 1 
*SUP 2: 120.88 Low June 11 
*SUP 3: 119.61 Low May 22 
*SUP 4: 119.23 Low May 17 
Dec-10 Gilt futures started the weak on a bearish note edging closer towards the
Aug 1 low at 121.23. Below here would trigger a medium-term bearish signal.
Bulls need to recover the Sep 12 high at 121.95 to take the pressure off and the
Sep 6 high at 122.52 to shift the outlook back to neutral and target the Sep 4
high of 122.74. 

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.