Free Trial

(Z3) Crests at New Multi-Month Highs

  • RES 3: 148.74 - High Jul 24
  • RES 2: 147.21 - High Aug 9
  • RES 1: 147.16 - High Nov 30
  • PRICE: 146.43 @ 16:21 GMT Nov 30
  • SUP 1: 143.44 - Low Oct 31
  • SUP 2: 143.29 - 2.618 proj of the Mar 22 - Apr 18 - May 12 swing
  • SUP 3: 142.83 - 1.0% 10-dma envelope

JGBs move from strength to strength into end-November, rising to a new multi-month high Thursday to trade at levels last seen back in August on the continuation contract. This notably extends the recovery off the early November pullback low and keeps the S/T outlook tilted higher. 147.21 marks the next key upside level, the Aug 9 high. The break of 146.41, the Sep 4 high, is an important one, and marks a short-term reversal. 143.44, the Oct 31 low, marks key support should 144.93 give way.

MNI London Bureau | +44 203-865-3809 |

To read the full story



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.