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  • RES 4: 129.19 1.382 proj of the May 13 - 26 - Jun 3 price swing
  • RES 3: 128.92 1.236 proj of the May 13 - 26 - Jun 3 price swing
  • RES 2: 128.50 1.00 proj of the May 13 - 26 - Jun 3 price swing
  • RES 1: 128.18 High Jun 9
  • PRICE: 127.69 @ Close Jun 10
  • SUP 1: 127.13 Low Jun 8
  • SUP 2: 126.70 Low Jun 3 and key near-term support
  • SUP 3: 126.55 Low May 21
  • SUP 4: 126.12 Low May 19

Gilt futures traded higher Wednesday, clearing resistance at 127.74/85, Apr 20 and May 7, 26 highs respectively and a key resistance zone. Furthermore, the move through 127.74 confirms a bullish price sequence of higher highs and higher lows, reinforcing a bullish theme. This signals scope for a climb towards 128.50, a Fibonacci projection. Key short-term trend support has been defined at 126.70, Jun 3 low. Dips are considered corrective.