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Futures Extend Pullback From Multi-Month Highs

GILTS

The extension of yesterday’s pullback from multi-month highs in gilt futures shows as low as 102.77 today. Note that there isn’t much in the way of technical support until the Dec 19 high (102.05). Firmer support lies at 100.20, the Dec 13 high. Our technical analysts suggests that short-term weakness should be considered corrective, with the bullish trend still intact.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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