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(M3) Impulsive Bear Wave Extends

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 99.73 Low Apr 19
  • RES 3: 99.32 20-day EMA
  • RES 2: 99.21 High May 19
  • RES 1: 96.74/97.98 High May 24 / 23
  • PRICE: 94.67 @ Close May 25
  • SUP 1: 94.46 Low May 25
  • SUP 2: 93.92 3.236 projection of the May 3 - 10 - 11 price swing
  • SUP 3: 93.27 3.382 projection of the May 3 - 10 - 11 price swing
  • SUP 4: 93.00 Round number support

Gilt futures remain in a bear mode position and traded lower again Thursday as the contract maintains the current impulsive bear wave. The primary trend direction remains down and moving average studies are in a bear mode position. Sights are set on 93.92 next, a Fibonacci projection. Initial resistance is at Wednesday’s high of 96.74. Note that the trend is oversold, a corrective bounce would allow this condition to unwind.

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  • RES 4: 99.73 Low Apr 19
  • RES 3: 99.32 20-day EMA
  • RES 2: 99.21 High May 19
  • RES 1: 96.74/97.98 High May 24 / 23
  • PRICE: 94.67 @ Close May 25
  • SUP 1: 94.46 Low May 25
  • SUP 2: 93.92 3.236 projection of the May 3 - 10 - 11 price swing
  • SUP 3: 93.27 3.382 projection of the May 3 - 10 - 11 price swing
  • SUP 4: 93.00 Round number support

Gilt futures remain in a bear mode position and traded lower again Thursday as the contract maintains the current impulsive bear wave. The primary trend direction remains down and moving average studies are in a bear mode position. Sights are set on 93.92 next, a Fibonacci projection. Initial resistance is at Wednesday’s high of 96.74. Note that the trend is oversold, a corrective bounce would allow this condition to unwind.