(Z2) Holding On To Its Recent Gains

• RES 4: 106.84 High Sep 8
• RES 3: 106.25 High Sep 12
• RES 2: 105.34 High Sep 22 and a key resistance
• RES 1: 104.39 High Oct 27
• PRICE: 103.31 @ Close Oct 29
• SUP 1: 100.38 Low Oct 25
• SUP 2: 99.33/98.15 20-day EMA / Low Oct 24
• SUP 3: 95.82 Low Oct 21
• SUP 4: 94.82/92.66 Low Oct 17 / 14

Gilt futures maintain a bullish theme following last week’s extension higher. Price has recently cleared the 20-day EMA and the continuation higher last week resulted in a break of key resistance at 100.92, the Oct 4 high. The breach strengthens bullish conditions and opens 105.34 next, the Sep 23 high. Key support has been defined at 95.82, the Oct 21 low. A break would be bearish.