Free Trial

(Z9): Correction Firmly In Place *RES.....>

JGB TECHS
JGB TECHS: (Z9): Correction Firmly In Place
*RES 3: 153.93 - High Nov 6
*RES 2: 153.62 - Low Sep 17 and former breakout point
*RES 1: 153.46 - High Nov 7
*PRICE: 153.34 @ 19:23 GMT, Nov 14
*SUP 1: 152.79 - Low Nov 14
*SUP 2: 152.44 - Low Nov 13 and key support
*SUP 3: 152.39 - 1.618 projection of Sep 4 - Sep 17 decline from Sep 25 high
JGB futures have continued to recover with a corrective theme following last
weeks sell-off, firmly in place. With futures pushing higher again today,
attention turns to 153.62, Sep 17 low and the former breakout point. Clearance
of this level would open 153.93, Nov 6 high. A failure ahead of 153.62 is
required to suggest the return of bearish behaviour. This would signal scope for
a retest of the low earlier this week at 152.44.

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.