GILT TECHS: (Z5) Holding On To The Bulk Of Gains
- RES 4: 94.60 1.764proj of the Sep 3 - 11 - 26 price swing
- RES 3: 94.24 1.618 proj of the Sep 3 - 11 - 26 price swing
- RES 2: 94.00 Round number resistance
- RES 1: 93.96 High Oct 28
- PRICE: 93.72 @ Close Oct 30
- SUP 1: 93.15 Low Oct 27
- SUP 2: 92.66 20-day EMA
- SUP 3: 92.38 Low Oct 20
- SUP 4: 91.95 50-day EMA
The trend structure in Gilt futures is unchanged, it remains bullish and the contract is holding on to the bulk of its recent gains. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 94.00 next. A break of this level would open 94.24, a Fibonacci projection The contract is overbought, a short-term pullback would allow this condition to unwind. Firm support to watch 92.66, the 20-day EMA.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SILVER TECHS: Fresh Cycle High
- RES 4: $49.444 - 3.236 proj of the Sep 4 - 16 - 17 price swing
- RES 3: $49.000 - Round number resistance
- RES 2: $47.857 - 2.618 proj of the Sep 4 - 16 - 17 price swing
- RES 1: $47.251 - 2.382 proj of the Sep 4 - 16 - 17 price swing
- PRICE: $46.907 @ 08:01 BST Oct 1
- SUP 1: $44.601/43.287 - Low Sep 26 / 20-day EMA
- SUP 2: $40.856 - 50-day EMA
- SUP 3: $38.580 - Low Aug 28
- SUP 4: $36.965 - Low Aug 20
Trend signals in Silver remain bullish. The metal has traded higher this week as the bull cycle extends. Note that moving average studies are in a bull-mode position too, reinforcing current conditions. Sights are $47.857 next, a 2.618 projection of the Sep 4 - 16 - 17 price swing. Clearance of this level would pave the way for a climb towards the $48.00 handle. Initial firm support to watch lies at $43.287, the 20-day EMA.
GILTS: Opening Calls
Gilt calls, 90.60/90.62.
EQUITIES: EU Cash Opening Calls
Estox 50: -0.08%, Dax: -0.27%, CAC: +0.15%, FTSE +0.20%, SMI +0.39%,
