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(M3) Watching Support

GILT TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 105.49 High Mar 14
  • RES 3: 104.95 76.4% retracement of Tuesday’s sell-off
  • RES 2: 104.62 61.8% retracement of Tuesday’s sell-off
  • RES 1: 104.09 38.2% retracement of Tuesday’s sell-off
  • PRICE: 103.55 @ Close Mar 14
  • SUP 1: 103.00 Round number support
  • SUP 2: 102.70 50.0% retracement of the entire rally from Feb 28
  • SUP 3: 101.87 61.8% retracement of the entire rally from Feb 28
  • SUP 4: 101.13 Low Mar 10

Gilt futures rallied Monday, reinforcing a strong bull cycle with firm momentum. The pullback Tuesday is considered corrective and this is allowing a short-term overbought condition to unwind. Support to watch is 101.87, a Fibonacci retracement point. A break of this level would signal scope for a deeper pullback and undermine the recent bull theme. Key resistance and the bull trigger has been defined at 106.20, the Mar 13 high.

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  • RES 4: 105.49 High Mar 14
  • RES 3: 104.95 76.4% retracement of Tuesday’s sell-off
  • RES 2: 104.62 61.8% retracement of Tuesday’s sell-off
  • RES 1: 104.09 38.2% retracement of Tuesday’s sell-off
  • PRICE: 103.55 @ Close Mar 14
  • SUP 1: 103.00 Round number support
  • SUP 2: 102.70 50.0% retracement of the entire rally from Feb 28
  • SUP 3: 101.87 61.8% retracement of the entire rally from Feb 28
  • SUP 4: 101.13 Low Mar 10

Gilt futures rallied Monday, reinforcing a strong bull cycle with firm momentum. The pullback Tuesday is considered corrective and this is allowing a short-term overbought condition to unwind. Support to watch is 101.87, a Fibonacci retracement point. A break of this level would signal scope for a deeper pullback and undermine the recent bull theme. Key resistance and the bull trigger has been defined at 106.20, the Mar 13 high.