Free Trial

(Z9) Extends pullback *RES 4: 135.92.....>

GILT TECHS
GILT TECHS: (Z9) Extends pullback
*RES 4: 135.92 Potential bull channel top drawn off the Aug 23low
*RES 3: 136.00 Round number resistance
*RES 2: 135.90 Contract high Sep 4
*RES 1: 134.79 High Sep 9
*PRICE: 133.95 @ Close Sep 4
*SUP 1: 133.83 Low Sep 4
*SUP 2: 133.38 Low Aug 27
*SUP 3: 132.21 50-day EMA
*SUP 4: 132.43 Low Aug 23 and key support
Z9 Gilt experienced strong selling pressure yesterday trading below initial
support at 134.21. This follows the rejection off the contract high on Tuesday
and does suggest scope for a near-term corrective pullback. Attention turns to
the next support handle at 133.38, the low of Aug 27. A move below this level
would expose the key support at 132.43, the Aug 23 low. A return above the
135.00 is required to refocus attention on the key bull trigger at 135.90.

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.