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(M3) Bear Leg Extends

GILT TECHS
  • RES 4: 103.45 High Apr 13
  • RES 3: 103.19 20-day EMA
  • RES 2: 102.37 High Apr 17
  • RES 1: 101.60 High Apr 18
  • PRICE: 101.22 @ Close Apr 18
  • SUP 1: 101.04 Low Apr 18
  • SUP 2: 100.91 High Mar 9 and a gap low on the daily chart
  • SUP 3: 100.06 Low Mar 9
  • SUP 4: 99.55 Low Mar 8

A short-term bearish theme in Gilt futures remains in play and the contract traded lower Tuesday. Price has recently breached support at 102.74, the Mar 20 low and bear trigger. The break lower has also resulted in a move through 102.00 and 101.12 has been pierced, the 76.4% retracement of the Feb 28 - Mar 20 rally. A continuation lower would open 100.06, the Mar 9 low. Initial firm resistance is seen at 103.19, the 20-day EMA.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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