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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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GILT TECHS
  • RES 4: 127.47 2.236 proj of the Feb 16 - 18 - 23 price swing
  • RES 3: 127.00 Round number resistance
  • RES 2: 126.90 2.00 proj of the Feb 16 - 18 - 23 price swing
  • RES 1: 126.81 High Mar 1
  • PRICE: 125.65 @ Close Mar 4
  • SUP 1: 123.50 Low Mar 1
  • SUP 2: 122.76 Low Feb 28
  • SUP 3: 122.04 Low Feb 23 and a key intraday support
  • SUP 4: 121.10 Low Feb 16 and the bear trigger

Gilt futures rallied on Mar 1 and this resulted in a break out of its recent range. The move higher highlights a short-term bullish theme and marks an impulsive extension of the current recovery from 121.10, the Feb 16 low. This signals scope for a climb towards 126.90 and 127.47 next, Fibonacci projections based on a recent price swing. Key S/T support has been defined at the Mar 1 low of 123.50. Pullbacks, for now, are considered corrective.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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