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(H3) Bullish Short-Term Cycle Extends

GILT TECHS
  • RES 4: 105.20 76.4% retracement of the Nov 24 - Dec 28 bear leg
  • RES 3: 104.31 High Dec 16
  • RES 2: 104.05 61.8% retracement of the Nov 24 - Dec 28 bear leg
  • RES 1: 103.67 High Dec 19
  • PRICE: 103.46 @ 14:05 GMT Jan 11
  • SUP 1: 102.19/101.40 Low Jan 10 / Intraday low
  • SUP 2: 99.97 Low Jan 3
  • SUP 3: 99.18 Low Dec 28 and the bear trigger
  • SUP 4: 98.15 Low Oct 24 (cont)

Gilt futures have resumed their uptrend and cleared initial resistance at 102.78, the Jan 6 high. The break higher maintains the current bullish price sequence of higher highs and higher lows and attention turns to 104.05, the 61.8% retracement of the Nov 24 - Dec 28 bear leg. A break of this level would signal scope for a climb towards 105.20, the 76.4% retracement. Initial firmer support has been defined at 101.40, the Oct 10 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsBond Market News
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsBond Market News

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