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GILT TECHS: (Z4) Corrective Cycle Extends

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
  • RES 4: 102.00 Round number resistance
  • RES 3: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing 
  • RES 2: 101.06/101.54 High Sep 18 / 17 and key resistance  
  • RES 1: 99.82/100.39 20-day EMA / High Sep 19        
  • PRICE: 98.65 @ Close Sep 24
  • SUP 1: 98.55/56 Low Sep 25 / 24           
  • SUP 2: 98.11 Low Sep 2 and a key support  
  • SUP 3: 98.00 Round number support
  • SUP 4: 97.30 1.236 Fibonacci retracement proj of the Sep 2 - 17 rally

The bull cycle in Gilt futures is fading further with yesterday’s 98.55 print marking seven consecutive sessions of negative closes. For now, key support at 98.11 remains intact for now, but the outlook would deteriorate on a confirmed close below here. For bulls, a clear reversal higher would refocus sights on 101.54, Sep 17 high.         

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  • RES 4: 102.00 Round number resistance
  • RES 3: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing 
  • RES 2: 101.06/101.54 High Sep 18 / 17 and key resistance  
  • RES 1: 99.82/100.39 20-day EMA / High Sep 19        
  • PRICE: 98.65 @ Close Sep 24
  • SUP 1: 98.55/56 Low Sep 25 / 24           
  • SUP 2: 98.11 Low Sep 2 and a key support  
  • SUP 3: 98.00 Round number support
  • SUP 4: 97.30 1.236 Fibonacci retracement proj of the Sep 2 - 17 rally

The bull cycle in Gilt futures is fading further with yesterday’s 98.55 print marking seven consecutive sessions of negative closes. For now, key support at 98.11 remains intact for now, but the outlook would deteriorate on a confirmed close below here. For bulls, a clear reversal higher would refocus sights on 101.54, Sep 17 high.