Trial now
SILVER TECHS

Consolidating

BUNDS

Trading at initial target

GOLD TECHS

Resumes The Current Bear Cycle

(U0) Bear Flag

GILT TECHS
  • RES 4: 138.47 High Aug 7
  • RES 3: 138.13 High Aug 11
  • RES 2: 137.42/44 50-day EMA / 20-day EMA
  • RES 1: 137.40 High Aug 19
  • PRICE: 137.16 @ Close Aug 21
  • SUP 1: 136.54/53 Low Aug 13 / 61.8 % of the Jun - Aug rally
  • SUP 2: 136.48 Low Jun 19
  • SUP 3: 135.97 76.4% retracement of the Jun - Aug rally
  • SUP 4: 135.55 200-dma (cont)

Gilts appear to be consolidating for now, trading below last week's 137.40 high. Recent gains still appear corrective in nature suggesting a bearish theme continues to dominate. From a pattern perspective, activity since Aug 13 has taken on the appearance of a bear flag, reinforcing a bearish theme. The trigger for a fresh round of losses is 136.54, Aug 13 low where a break would open 135.97. Initial resistance is at 137.40/44.