February 14, 2025 07:23 GMT
GILT TECHS: (H5) Finds Support
GILT TECHS
- RES 4: 95.57 High Dec 11 ‘24
- RES 3: 95.11 High Dec 12 ‘24
- RES 2: 94.75 76.4% retracement of the Dec 3 - Jan 13 bear leg
- RES 1: 94.35 High Feb 6 and the bull trigger
- PRICE: 93.37 @ Close Feb 14
- SUP 1: 92.31 Low Feb 12
- SUP 2: 91.96/91.52 Low Jan 29 / 24
- SUP 3: 91.10 Low Jan 20
- SUP 4: 89.68/88.96 Low Jan 15 / 13 and the bear trigger
A bull cycle in Gilt futures remains in play and the latest pullback appears corrective. Thursday’ gains are a positive development. The contract has recently traded through 93.09, the Dec 20 high, and breached 93.64, the 61.8% retracement of the Dec 3 - Jan 13 bear leg. Sights are on the 94.75, the 76.4% retracement. Initial support at 92.31, the Feb 12 low. The next firm support to watch lies at 91.52, the Jan 24 low.
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