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GILT TECHS: (Z4) Bullish Extension

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
  • RES 4: 102.37 1.236 proj of the Sep 2 - 6 - 9 price swing
  • RES 3: 102.00 Round number resistance  
  • RES 2: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing   
  • RES 1: 101.41 High Sep 11       
  • PRICE: 101.34 @ Close Sep 11
  • SUP 1: 100.64 High Sep 10 and a gap low on the daily chart          
  • SUP 2: 99.83 Low Sep 10     
  • SUP 3: 99.49 20-day EMA  
  • SUP 4: 99.29 Low Sep 9  

Gilt futures traded higher again, Wednesday and the contract remains firm with the bull cycle still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, a Fibonacci projection. On the downside, firm short-term support has been defined 99.29, the Sep 9 low.

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  • RES 4: 102.37 1.236 proj of the Sep 2 - 6 - 9 price swing
  • RES 3: 102.00 Round number resistance  
  • RES 2: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing   
  • RES 1: 101.41 High Sep 11       
  • PRICE: 101.34 @ Close Sep 11
  • SUP 1: 100.64 High Sep 10 and a gap low on the daily chart          
  • SUP 2: 99.83 Low Sep 10     
  • SUP 3: 99.49 20-day EMA  
  • SUP 4: 99.29 Low Sep 9  

Gilt futures traded higher again, Wednesday and the contract remains firm with the bull cycle still in play. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, a Fibonacci projection. On the downside, firm short-term support has been defined 99.29, the Sep 9 low.