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GILT TECHS: (H5) Short-Term Bull Cycle Still In Play

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 96.33 2.236 proj of the Nov 18 - 19 - 20 price swing    
  • RES 3: 96.03 2.000 proj of the Nov 18 - 19 - 20 price swing    
  • RES 2: 95.73 1.764 proj of the Nov 18 - 19 - 20 price swing   
  • RES 1: 95.70 High Nov 27               
  • PRICE: 94.42 @ Close Nov 27
  • SUP 1: 94.66 Low Nov 25                     
  • SUP 2: 93.96 Low Nov 22  
  • SUP 3: 93.40 Low Nov 18 and a key short-term support 
  • SUP 4: 93.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and this week’s climb reinforces current bullish conditions. A continuation higher would pave the way for a climb towards 95.73 next, a Fibonacci projection. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development.

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  • RES 4: 96.33 2.236 proj of the Nov 18 - 19 - 20 price swing    
  • RES 3: 96.03 2.000 proj of the Nov 18 - 19 - 20 price swing    
  • RES 2: 95.73 1.764 proj of the Nov 18 - 19 - 20 price swing   
  • RES 1: 95.70 High Nov 27               
  • PRICE: 94.42 @ Close Nov 27
  • SUP 1: 94.66 Low Nov 25                     
  • SUP 2: 93.96 Low Nov 22  
  • SUP 3: 93.40 Low Nov 18 and a key short-term support 
  • SUP 4: 93.00 Round number support

The trend condition in Gilt futures remains bearish, however, a corrective cycle is in play and this week’s climb reinforces current bullish conditions. A continuation higher would pave the way for a climb towards 95.73 next, a Fibonacci projection. On the downside, a reversal lower would refocus attention on the initial key support at 93.40, the Nov 18 low. A breach of this support would be a bearish development.