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(M3) Southbound

GILT TECHS
  • RES 4: 100.48 20-day EMA
  • RES 3: 99.73/100.11 Low Apr 19 / High May 18
  • RES 2: 99.21 High May 19
  • RES 1: 97.98 Intraday high
  • PRICE: 97.19 @ 13:30 May 23
  • SUP 1: 97.00 2.00 projection of the May 3 - 10 - 11 price swing
  • SUP 2: 96.41 2.236 projection of the May 3 - 10 - 11 price swing
  • SUP 3: 95.82 Low Oct 21 (cont)
  • SUP 4: 94.76 76.4% of the Oct 12 - Nov 24 2022 rally (cont

Gilt futures remain in a bear mode position and the contract is trading lower today. The move highlights a continued acceleration of the downtrend as the current impulsive bear wave extends. Sights are set on 97.00 next, the 2.00 projection of the May 3 - 10 - 11 price swing and 96.41, the 2.236 projection. Initial resistance is at today’s intraday high of 97.98. A firmer level is seen at 99.73, the Apr 19 low.

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

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