Free Trial

(Z9) Contract high *RES 4: 136.00........>

GILT TECHS
GILT TECHS: (Z9) Contract high
*RES 4: 136.00 Round number resistance
*RES 3: 135.74 0.618 projection of Aug 23 - Aug 29 rally from Aug 30 low
*RES 2: 135.45 0.500 projection of Aug 23 - Aug 29 rally from Aug 30 low
*RES 1: 135.04 Contract high Sep 2
*PRICE: 134.86 @ Close Sep 2
*SUP 1: 134.21 Low Aug 30 and key near-term support
*SUP 2: 134.09 Low Aug 28
*SUP 3: 133.38 Low Aug 27
*SUP 4: 132.43 Low Aug 23 and key support
U9 Gilt rallied yesterday to negate the bearish pattern highlighted, a Japanese
candle evening star reversal. Yesterday also saw the print of a fresh contract
high, confirming a resumption of the broader uptrend. This open the 135.74
Fibonacci projection next. Key support has been defined at Friday's 134.21 low.
On the Sep contract, activity is still trading at the top of its broad bull
channel. A move below 134.21 would be seen as an important bearish break.

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.