GILT TECHS: (Z5) Holding On To The Bulk Of Gains

• 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.

Gilt calls, 90.60/90.62.

Estox 50: -0.08%, Dax: -0.27%, CAC: +0.15%, FTSE +0.20%, SMI +0.39%,