Free Trial

(Z2) Bullish Extension

GILT TECHS
  • RES 4: 106.84 High Sep 8
  • RES 3: 106.25 High Sep 12
  • RES 2: 105.34 High Sep 22 and a key resistance
  • RES 1: 104.39 High Oct 27
  • PRICE: 102.84 @ Close Oct 28
  • SUP 1: 100.38 Low Oct 25
  • SUP 2: 98.91/95.82 20-day EMA / Low Oct 21
  • SUP 3: 94.82/92.66 Low Oct 17 / 14
  • SUP 4: 90.99/90.38 Low Sep 28 / Low Oct 12 and the bear trigger

Gilt futures traded higher once again Thursday and the current bull cycle remains intact. Price has recently cleared the 20-day EMA and the continuation higher this week has resulted in a break of key resistance at 100.92, the Oct 4 high. The breach strengthens bullish conditions and opens 105.34 next, the Sep 23 high. Key support has been defined at 95.82, the Oct 21 low. A break would be bearish.

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.