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GILT TECHS: (Z4) Trend Needle Points South

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
  • RES 4: 96.65 High Oct 30     
  • RES 3: 95.83 Low Oct 10  
  • RES 2: 95.00 Round number resistance   
  • RES 1: 94.64/73 20-day EMA / High Nov 1            
  • PRICE: 93.76 @ Close Nov 15
  • SUP 1: 92.97/53 Low Nov 14 / 6 and the bear trigger                 
  • SUP 2: 92.23 2.236 proj of the Sep 17 - 30 - Oct 1 price swing
  • SUP 3: 92.00 Round number support 
  • SUP 4: 91.75 2.3821 proj of the Sep 17 - 30 - Oct 1 price swing

The trend condition in Gilt futures is unchanged, it remains bearish and recent gains are considered corrective. The contract has recently breached 92.99, a 2.00 projection of the Sep 17 - 30 - Oct 1 price swing. This signals scope for an extension towards 92.23, the 2.236 projection. The Oct 30 high of 96.65, is seen as a key short-term resistance where a break is required to highlight a possible base. Initial firm resistance to watch is 94.73, Nov 1 high.

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  • RES 4: 96.65 High Oct 30     
  • RES 3: 95.83 Low Oct 10  
  • RES 2: 95.00 Round number resistance   
  • RES 1: 94.64/73 20-day EMA / High Nov 1            
  • PRICE: 93.76 @ Close Nov 15
  • SUP 1: 92.97/53 Low Nov 14 / 6 and the bear trigger                 
  • SUP 2: 92.23 2.236 proj of the Sep 17 - 30 - Oct 1 price swing
  • SUP 3: 92.00 Round number support 
  • SUP 4: 91.75 2.3821 proj of the Sep 17 - 30 - Oct 1 price swing

The trend condition in Gilt futures is unchanged, it remains bearish and recent gains are considered corrective. The contract has recently breached 92.99, a 2.00 projection of the Sep 17 - 30 - Oct 1 price swing. This signals scope for an extension towards 92.23, the 2.236 projection. The Oct 30 high of 96.65, is seen as a key short-term resistance where a break is required to highlight a possible base. Initial firm resistance to watch is 94.73, Nov 1 high.