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Free Access(Z3) Approaching Key Support
- RES 4: 95.67 High Sep 26
- RES 3: 94.74 High Sep 28
- RES 2: 94.43 20-day EMA
- RES 1: 93.18 High Oct 3
- PRICE: 91.77 @ 08:12 BST Oct 4
- SUP 1: 91.47 Low Aug 17 and key support
- SUP 2: 91.00 Round number support
- SUP 3: 90.06 1.00 proj of the Jul 19 - Aug 17 - Sep 20 price swing
- SUP 4: 90.00 Psychological round number
Gilt futures remain bearish and yesterday’s move lower once again reinforces this condition. Today’s gap lower also strengthens the case for bears. The contract has recently breached 93.36, the Sep 6 low and a key support. Furthermore, 92.71, 76.4% of Aug 17 - Sep 20 bull run, has been breached. Sights are on 91.47, the Aug 17 low, and the next key support. On the upside, initial firm resistance is at 94.43, the 20-day EMA.
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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.