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(Z3) Watching Support

GILT TECHS
  • RES 4: 96.71 High Sep 20
  • RES 3: 95.95 3.0% 10-dma envelope
  • RES 2: 95.67 High Sep 26
  • RES 1: 95.24 High Oct 11
  • PRICE: 94.44 @ Close Oct 13
  • SUP 1: 93.95 Low Oct 11
  • SUP 2: 93.04 Low Oct 10
  • SUP 3: 91.90 Low Oct 6
  • SUP 4: 91.47 Low Aug 17 and key support

Gilt futures faced resistance last Thursday and 95.66, the Oct 12 high, has been defined as a key short-term hurdle for bulls. A break of this level would confirm a resumption of the recent rally and expose 96.71, the Sep 20 high. Support to watch lies at 93.95, the Oct 11 low. A breach would highlight a stronger reversal and open 93.04, the Oct 10 low. Key support and the bear trigger is far off at 91.47, the Aug 17 low.

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