(H3) Trades Through 100.00

• RES 4: 105.29 High Dec 15
• RES 3: 103.12/104.31 20-day EMA / High Dec 16
• RES 2: 101.95 High Dec 20
• RES 1: 99.99 High Dec 28
• PRICE: 99.73 @ 10:55 GMT Dec 28
• SUP 1: 99.18 Intraday low
• SUP 2: 98.15 Low Oct 24 (cont)
• SUP 3: 97.33 61.8% retracement of the Oct 12 - Nov 25 bull phase
• SUP 4: 95.82 Low Oct 21 (cont)

Gilt futures remain bearish and the contract traded lower last week, extending the current bearish leg. The move lower has confirmed a clear break of support at 103.54, the Nov 21 low. This has strengthened the current downtrend and signals scope for a deeper pullback. The psychological 100.00 handle has been breached today. This opens 98.15, the Oct 4 low (cont). Initial firm resistance is seen at 103.07, the 20-day EMA.