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(H4) 20-Day EMA Breached, Bearish Trend At Risk

GILT TECHS
  • RES 3: 101.98 High Jan 3
  • RES 2: 100.81 High Jan 5
  • RES 1: 100.13 High Jan 31
  • PRICE: 99.97 @ Close Jan 31
  • SUP 1: 97.57 Low Jan 25
  • SUP 2: 97.39 Low Dec 11 and a key support
  • SUP 3: 96.67 Low Dec 5

The breach of the 20-day EMA and piercing of 100.00 threatens the bearish technical trend in Gilt futures. A break of yesterday’s highs would expose the Jan 5 high at 100.81. Bears need to force a move below the Jan 25 low at 97.57 to start to reassert control.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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