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(U2) Short-Term Resistance Remains Exposed

GILT TECHS
Fixed Income Technical Analysismarkets-real-timeCommoditiesBulletMarketsFixed Income
  • RES 4: 116.00 Round number resistance
  • RES 3: 115.55 High Jun 6
  • RES 2: 115.02 High Jun 8
  • RES 1: 114.55 High Jun 24 and the bull trigger
  • PRICE: 113.98 @ Close Jun 30
  • SUP 1: 113.03/111.72 Low Jun 30/29
  • SUP 2: 110.57 Low Jun 21
  • SUP 3: 109.89/60 Low Jun 16 / 4.50 proj of May 19 - 24 - 26 swing
  • SUP 4: 109.33 Low Jul 8 2014 (cont)

Gilt futures key short-term resistance is at 114.55, the Jun 24 high. Despite a recent retracement lower, a short-term bullish corrective cycle still appears to be in play and a breach of 114.55 would signal scope for a climb towards 115.55, the Jun 6 high. The broader trend remains down with key support and the bear trigger defined at 109.89, the Jun 16 low. Initial firm support to watch though is at 111.72, the Jun 29 low. A break would be bearish.

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  • RES 4: 116.00 Round number resistance
  • RES 3: 115.55 High Jun 6
  • RES 2: 115.02 High Jun 8
  • RES 1: 114.55 High Jun 24 and the bull trigger
  • PRICE: 113.98 @ Close Jun 30
  • SUP 1: 113.03/111.72 Low Jun 30/29
  • SUP 2: 110.57 Low Jun 21
  • SUP 3: 109.89/60 Low Jun 16 / 4.50 proj of May 19 - 24 - 26 swing
  • SUP 4: 109.33 Low Jul 8 2014 (cont)

Gilt futures key short-term resistance is at 114.55, the Jun 24 high. Despite a recent retracement lower, a short-term bullish corrective cycle still appears to be in play and a breach of 114.55 would signal scope for a climb towards 115.55, the Jun 6 high. The broader trend remains down with key support and the bear trigger defined at 109.89, the Jun 16 low. Initial firm support to watch though is at 111.72, the Jun 29 low. A break would be bearish.