Free Trial

(Z2) Trend Needle Points North

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 Nov 4 / High Oct 27 and the bull trigger
  • PRICE: 103.31 @ Close Nov 9
  • SUP 1: 99.92 Low Nov 8
  • SUP 2: 98.15 Low Oct 24
  • SUP 3: 95.82 Low Oct 21 and key near-term support
  • SUP 4: 94.82/92.66 Low Oct 17 / 14

Gilt futures remain in a short-term uptrend and yesterday’s gains reinforce current bullish conditions. The latest shallow retracement appears to be a bull flag formation, reinforcing the uptrend. Recent gains resulted in a break of key resistance at 100.92, the Oct 4 high. This strengthened bullish conditions and has opened 105.34 next, the Sep 23 high. Key support has been defined at 95.82, the Oct 21 low. Initial support lies at 99.92, the Nov 8 low.

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.