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GILT TECHS: Trend Direction Remains Down

GILT TECHS
Fixed Income Technical AnalysisCEEMEABulletUKMarketsFixed Income Bullets
  • RES 4: 92.88 High Jan 2 
  • RES 3: 91.61 20-day EMA 
  • RES 2: 91.58 High Jan 8 
  • RES 1: 90.31 High Jan 9              
  • PRICE: 89.25 @ Close Jan 14
  • SUP 1: 88.96 Low Jan 13                             
  • SUP 2: 88.87 2.764 proj of the Dec 20 -27 - Jan 2 price swing  
  • SUP 3: 88.53 3.000 proj of the Dec 20 -27 - Jan 2 price swing
  • SUP 4: 88.19 3.236 proj of the Dec 20 -27 - Jan 2 price swing

The trend condition in Gilt futures is unchanged, the direction remains down and last week’s fresh cycle lows reinforce current conditions. Recent weakness also highlights an acceleration of the trend. Sights are on 88.87 next, a Fibonacci projection. Initial resistance is at 90.31, the Jan 9 high. Resistance at the 20-day EMA, is at 91.61. The EMA is seen as an important hurdle for bulls.

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  • RES 4: 92.88 High Jan 2 
  • RES 3: 91.61 20-day EMA 
  • RES 2: 91.58 High Jan 8 
  • RES 1: 90.31 High Jan 9              
  • PRICE: 89.25 @ Close Jan 14
  • SUP 1: 88.96 Low Jan 13                             
  • SUP 2: 88.87 2.764 proj of the Dec 20 -27 - Jan 2 price swing  
  • SUP 3: 88.53 3.000 proj of the Dec 20 -27 - Jan 2 price swing
  • SUP 4: 88.19 3.236 proj of the Dec 20 -27 - Jan 2 price swing

The trend condition in Gilt futures is unchanged, the direction remains down and last week’s fresh cycle lows reinforce current conditions. Recent weakness also highlights an acceleration of the trend. Sights are on 88.87 next, a Fibonacci projection. Initial resistance is at 90.31, the Jan 9 high. Resistance at the 20-day EMA, is at 91.61. The EMA is seen as an important hurdle for bulls.