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(H3) Corrective Pullback

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsBond Market News
  • RES 4: 108.96 2.236 proj of the Jan 23 - 25 - 30 price swing
  • RES 3: 108.44 2.00 proj of the Jan 23 - 25 - 30 price swing
  • RES 2: 107.78/108.00 High Feb 2 / Round number resistance
  • RES 1: 106.88 High Feb 6
  • PRICE: 105.46 @ Close Feb 6
  • SUP 1: 104.71 20-day EMA
  • SUP 2: 104.04 Low Jan 30 and a key near-term support
  • SUP 3: 103.81 50-day EMA
  • SUP 4: 103.21 Low Jan 17

Gilt futures traded sharply higher last week and cleared 106.00 and more importantly 107.06, the Nov 24 and a key resistance. The break higher confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. This opens the 108.00 handle next. Initial firm support to watch lies at 104.04, Jan 30 low. The latest pullback is considered corrective. However, a break of 104.04 would highlight a short-term top.

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  • RES 4: 108.96 2.236 proj of the Jan 23 - 25 - 30 price swing
  • RES 3: 108.44 2.00 proj of the Jan 23 - 25 - 30 price swing
  • RES 2: 107.78/108.00 High Feb 2 / Round number resistance
  • RES 1: 106.88 High Feb 6
  • PRICE: 105.46 @ Close Feb 6
  • SUP 1: 104.71 20-day EMA
  • SUP 2: 104.04 Low Jan 30 and a key near-term support
  • SUP 3: 103.81 50-day EMA
  • SUP 4: 103.21 Low Jan 17

Gilt futures traded sharply higher last week and cleared 106.00 and more importantly 107.06, the Nov 24 and a key resistance. The break higher confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. This opens the 108.00 handle next. Initial firm support to watch lies at 104.04, Jan 30 low. The latest pullback is considered corrective. However, a break of 104.04 would highlight a short-term top.