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(M2) Bearish Outlook

GILT TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 122.35 High Apr 4
  • RES 3: 120.55 50-day EMA
  • RES 2: 120.47 High Apr 8
  • RES 1: 119.79 High Apr 25 and a key short-term resistance
  • PRICE: 117.83 @ Close May 4
  • SUP 1: 117.22 Low Apr 22 and a bear trigger
  • SUP 2: 117.04 0.764 proj of the Mar 1 - 28 - Apr 4 price swing
  • SUP 3: 116.35 Low Dec 30 2015
  • SUP 4: 115.40 1.00 proj of the Mar 1 - 28 - Apr 4 price swing

Gilt futures are unchanged. The trend condition remains bearish. Moving average studies continue to point south and the dominant bearish price sequence of lower lows and lower highs remains intact. A firm resistance has been defined at 119.79, Apr 26 high where a break is required to reinstate a bullish theme. Attention is on the 117.22 bear trigger. A breach of this level would confirm a resumption of the primary downtrend.

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  • RES 4: 122.35 High Apr 4
  • RES 3: 120.55 50-day EMA
  • RES 2: 120.47 High Apr 8
  • RES 1: 119.79 High Apr 25 and a key short-term resistance
  • PRICE: 117.83 @ Close May 4
  • SUP 1: 117.22 Low Apr 22 and a bear trigger
  • SUP 2: 117.04 0.764 proj of the Mar 1 - 28 - Apr 4 price swing
  • SUP 3: 116.35 Low Dec 30 2015
  • SUP 4: 115.40 1.00 proj of the Mar 1 - 28 - Apr 4 price swing

Gilt futures are unchanged. The trend condition remains bearish. Moving average studies continue to point south and the dominant bearish price sequence of lower lows and lower highs remains intact. A firm resistance has been defined at 119.79, Apr 26 high where a break is required to reinstate a bullish theme. Attention is on the 117.22 bear trigger. A breach of this level would confirm a resumption of the primary downtrend.