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(Z2) Clears Key Short-Term Resistance

GILT TECHS
  • RES 4: 106.25 High Sep 12
  • RES 3: 105.34 High Sep 22
  • RES 2: 103.60 Low Sep 20
  • RES 1: 102.45 High Sep 23
  • PRICE: 101.47 @ 08:26 BST Oct 26
  • SUP 1: 97.80/95.82 20-day EMA / Low Oct 21
  • SUP 2: 94.82/92.66 Low Oct 17 / 14
  • SUP 3: 90.99/90.38 Low Sep 28 / Low Oct 12 and the bear trigger
  • SUP 4: 90.00 Psychological round number

Gilt futures are holding the bulk of recent gains, confirming the extension of the current bull cycle. Price has recently cleared the 20-day EMA and the continuation higher this week has resulted in a break of key resistance at 100.92, the Oct 4 high. The breach of this level strengthens bullish conditions and opens 102.45 next, the Sep 23 high. Initial firm support has been defined at 95.82, the Oct 21 low.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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