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GILT TECHS: (Z4) Bullish Theme

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
  • RES 4: 101.93 High Jan 4 (cont) 
  • RES 3: 101.46 High Aug 5 (cont)   
  • RES 2: 101.00 Round number resistance
  • RES 1: 100.64 HIgh Sep 10      
  • PRICE: 100.44 @ Close Sep 10
  • SUP 1: 99.83 Low Sep 10          
  • SUP 2: 99.30 20-day EMA     
  • SUP 3: 98.11 Low Sep 2 and a key support  
  • SUP 4: 98.00 Round number support  

Gilt futures traded higher Tuesday reinforcing a bullish theme. The contract has pierced a key resistance at 100.30, the Aug 14 high. A clear break of this level would confirm a resumption of uptrend and open the 101.00 handle. Moving average studies on the continuation chart remain in a bull-mode position, highlighting a dominant uptrend. Initial firm support to watch lies at 99.30, the 20-day EMA.

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  • RES 4: 101.93 High Jan 4 (cont) 
  • RES 3: 101.46 High Aug 5 (cont)   
  • RES 2: 101.00 Round number resistance
  • RES 1: 100.64 HIgh Sep 10      
  • PRICE: 100.44 @ Close Sep 10
  • SUP 1: 99.83 Low Sep 10          
  • SUP 2: 99.30 20-day EMA     
  • SUP 3: 98.11 Low Sep 2 and a key support  
  • SUP 4: 98.00 Round number support  

Gilt futures traded higher Tuesday reinforcing a bullish theme. The contract has pierced a key resistance at 100.30, the Aug 14 high. A clear break of this level would confirm a resumption of uptrend and open the 101.00 handle. Moving average studies on the continuation chart remain in a bull-mode position, highlighting a dominant uptrend. Initial firm support to watch lies at 99.30, the 20-day EMA.