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GILT TECHS: (H5) Bull Cycle Remains In Play

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 93.64 61.8% retracement of the Dec 3 - Jan 13 bear leg  
  • RES 3: 93.09 High Dec 20    
  • RES 2: 92.75 50.0% retracement of the Dec 3 - Jan 13 bear leg
  • RES 1: 92.68 High Jan 27               
  • PRICE: 92.42 @ Close Jan 27
  • SUP 1: 91.10 Low Jan 20                               
  • SUP 2: 89.68/88.96 Low Jan 15 / 13 and the bear trigger 
  • SUP 3: 88.87 2.764 proj of the Dec 20 -27 - Jan 2 price swing
  • SUP 4: 88.53 3.000 proj of the Dec 20 -27 - Jan 2 price swing

The medium-term trend condition in Gilt futures remains bearish. However, recent gains continue to highlight a corrective phase and signal scope for a continuation higher near-term. The contract has traded through the 20-day EMA, at 91.76. The focus is on 92.75, a Fibonacci retracement point. The bear trigger has been defined at 88.96, the Jan 13 low. Initial support is at 91.10, the Jan 20 low.

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  • RES 4: 93.64 61.8% retracement of the Dec 3 - Jan 13 bear leg  
  • RES 3: 93.09 High Dec 20    
  • RES 2: 92.75 50.0% retracement of the Dec 3 - Jan 13 bear leg
  • RES 1: 92.68 High Jan 27               
  • PRICE: 92.42 @ Close Jan 27
  • SUP 1: 91.10 Low Jan 20                               
  • SUP 2: 89.68/88.96 Low Jan 15 / 13 and the bear trigger 
  • SUP 3: 88.87 2.764 proj of the Dec 20 -27 - Jan 2 price swing
  • SUP 4: 88.53 3.000 proj of the Dec 20 -27 - Jan 2 price swing

The medium-term trend condition in Gilt futures remains bearish. However, recent gains continue to highlight a corrective phase and signal scope for a continuation higher near-term. The contract has traded through the 20-day EMA, at 91.76. The focus is on 92.75, a Fibonacci retracement point. The bear trigger has been defined at 88.96, the Jan 13 low. Initial support is at 91.10, the Jan 20 low.