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Historical bullets

GILT TECHS: (Z5) Corrective Rally Extends

Sep-08 06:09
  • RES 4: 92.06 High Aug 14 
  • RES 3: 92.00 Round number resistance      
  • RES 2: 91.45 High Aug 15
  • RES 1: 91.32 High Sep 5 
  • PRICE: 91.23 @ Close Sep 5
  • SUP 1: 90.31/89.36 Low Sep 4 / 3 
  • SUP 2: 89.22 1.618 proj of the Aug 21 - 27 - 28 price swing
  • SUP 3: 89.00 Round number support  
  • SUP 4: 88.84 2.00 proj of the Aug 21 - 27 - 28 price swing    

A strong rally in Gilt futures last week highlights a stronger corrective cycle.  Note that a move higher is allowing an oversold trend condition to unwind. The contract has breached initial firm resistance at 90.84, the Aug 28 and 29 high. A continuation higher would open 92.06, the Aug 14 high. For bears, a reversal lower and a resumption of the bear leg would signal scope for a move towards 89.22 next, a Fibonacci projection.

MNI: GERMANY JUL EXPORTS -0.6% M/M; IMPORTS -0.1% M/M

Sep-08 06:00
  • MNI: GERMANY JUL EXPORTS -0.6% M/M; IMPORTS -0.1% M/M
  • GERMANY JUL TRADE BALANCE EUR +14.7 BLN

MNI: GERMANY JUL IND PROD +1.3% M/M

Sep-08 06:00
  • MNI: GERMANY JUL IND PROD +1.3% M/M