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(Z0) Eyeing Key Resistance

GILT TECHS
  • RES 4: 137.44 High Aug 7
  • RES 3: 137.14 0.764 proj of Aug 28 - Sep 21 rally from Oct 7 low
  • RES 2: 137.04 High Sep 21 and a key resistance
  • RES 1: 136.89 High Oct 15
  • PRICE: 136.63 @ Close Oct 15
  • SUP 1: 136.27 Low Oct 15
  • SUP 2: 135.50 Low Oct 14
  • SUP 3: 135.06 Low Oct 7 and the bear trigger
  • SUP 4: 134.96 76.4% retracement of the Aug 28 - Sep 28 rally

Gilts rallied sharply higher Thursday clearing a host of resistance levels. The break of 136.60, Sep 30 high signals scope for a climb towards the next key resistance at 137.04, Sep 21 high. Clearance of this level would reinforce this week's bullish development and set the scene for a climb towards 137.14 and potentially 137.78 further out, both Fibonacci projection levels. On the downside, initial support lies at 136.27, yesterday's low.

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