January 31, 2023 06:10 GMT
(H3) Support Remains Intact
GILT TECHS
- RES 4: 107.06 High Nov 24 and key resistance
- RES 3: 106.23 High Dec 9
- RES 2: 106.18 High Dec 12
- RES 1: 105.05/106.00 High Jan 30 / Round number resistance
- PRICE: 104.58 @ Close Jan 30
- SUP 1: 103.79 Low Jan 23 and key short-term support
- SUP 2: 103.21/102.78 Low Jan 17 / High Jan 6
- SUP 3: 102.19/101.40 Low Jan 11 / 10
- SUP 4: 99.97 Low Jan 3
Gilt futures remain in an uptrend and the latest pullback is considered corrective. Recent trend highs have confirmed a resumption of the short-term uptrend. The move signals potential for a climb towards 107.06, the Nov 24 high and a key resistance. The first objective is 106.00. Initial firm support has been defined at 103.79, the Jan 17 low. A break would threaten the current bullish theme.
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