Free Trial
AUDUSD TECHS

Corrective Pullback Extends

GILTS

Opening calls

EQUITIES

EU Cash opening calls

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Trend Needle Still 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: 102.35/104.39 High Nov 4 / High Oct 27 and the bull trigger
  • PRICE: 101.71 @ Close Nov 8
  • 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 are a positive development. The latest shallow retracement still 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. A break of this level would be bearish.

144 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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: 102.35/104.39 High Nov 4 / High Oct 27 and the bull trigger
  • PRICE: 101.71 @ Close Nov 8
  • 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 are a positive development. The latest shallow retracement still 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. A break of this level would be bearish.