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GILT TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 121.07 High May 12 (cont)
  • RES 3: 120.00 Round number resistance
  • RES 2: 119.26 1.618 proj of the Jun 16 - 24- 29 price swing
  • RES 1: 118.71 1.50 proj of the Jun 16 - 24- 29 price swing
  • PRICE: 118.45@ Close Jul 28
  • SUP 1: 116.70 Low Jul 28
  • SUP 2: 116.07 20-day EMA
  • SUP 3: 114.08/113.03 Low Jul 8 / Low Jun 30
  • SUP 4: 111.72 Low Jun 29 and key near-term support

The short-term outlook in Gilt futures remains bullish and the contract resumed its climb on Thursday. This highlights an extension of the recent breach of resistance at 117.09, the Jul 6 high. The move higher maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 118.71 next, a Fibonacci projection. Key short-term support is unchanged at 114.08, the Jul 8 low. Initial firm support is at 116.07.

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  • RES 4: 121.07 High May 12 (cont)
  • RES 3: 120.00 Round number resistance
  • RES 2: 119.26 1.618 proj of the Jun 16 - 24- 29 price swing
  • RES 1: 118.71 1.50 proj of the Jun 16 - 24- 29 price swing
  • PRICE: 118.45@ Close Jul 28
  • SUP 1: 116.70 Low Jul 28
  • SUP 2: 116.07 20-day EMA
  • SUP 3: 114.08/113.03 Low Jul 8 / Low Jun 30
  • SUP 4: 111.72 Low Jun 29 and key near-term support

The short-term outlook in Gilt futures remains bullish and the contract resumed its climb on Thursday. This highlights an extension of the recent breach of resistance at 117.09, the Jul 6 high. The move higher maintains the bullish price sequence of higher highs and higher lows and paves the way for a climb towards 118.71 next, a Fibonacci projection. Key short-term support is unchanged at 114.08, the Jul 8 low. Initial firm support is at 116.07.