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GILT TECHS: (H5) Bear Trend Intact

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 93.87 Low Dec 16  
  • RES 3: 93.64 High Dec 17  
  • RES 2: 93.16 20-day EMA 
  • RES 1: 92.08 High Jan 2              
  • PRICE: 92.23 @ Close Jan 3 
  • SUP 1: 91.64 Low Dec 19 and the bear trigger                         
  • SUP 2: 91.58 4.382 proj of the Dec 3 - 4 - 5 minor price swing
  • SUP 3: 91.45 4.500 proj of the Dec 3 - 4 - 5 minor price swing
  • SUP 4: 91.33 4.618 proj of the Dec 3 - 4 - 5 minor price swing

The trend condition in Gilt futures is unchanged, it remains bearish and short-term gains are considered corrective - for now. The recent breach of 91.87, the Dec 19 low, confirmed a resumption of the downtrend. Sights are on 91.58 next, a 4.382 projection of the Dec 3 - 4 - 5 minor price swing. Initial resistance is at 92.08, the Jan 2 high. Resistance at the 20-day EMA, is at 93.16, and the average is seen as an important hurdle for bulls.

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  • RES 4: 93.87 Low Dec 16  
  • RES 3: 93.64 High Dec 17  
  • RES 2: 93.16 20-day EMA 
  • RES 1: 92.08 High Jan 2              
  • PRICE: 92.23 @ Close Jan 3 
  • SUP 1: 91.64 Low Dec 19 and the bear trigger                         
  • SUP 2: 91.58 4.382 proj of the Dec 3 - 4 - 5 minor price swing
  • SUP 3: 91.45 4.500 proj of the Dec 3 - 4 - 5 minor price swing
  • SUP 4: 91.33 4.618 proj of the Dec 3 - 4 - 5 minor price swing

The trend condition in Gilt futures is unchanged, it remains bearish and short-term gains are considered corrective - for now. The recent breach of 91.87, the Dec 19 low, confirmed a resumption of the downtrend. Sights are on 91.58 next, a 4.382 projection of the Dec 3 - 4 - 5 minor price swing. Initial resistance is at 92.08, the Jan 2 high. Resistance at the 20-day EMA, is at 93.16, and the average is seen as an important hurdle for bulls.