* RES 4: 5815.00 Bull channel top drawn from the Aug 1 low * RES 3: 5800.00 Round number resistance ...
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Gilt Calls, 90.74/90.80.
Gilt futures continue to trade above their latest lows. Recent weakness strengthens a bearish theme and does suggest the end of the corrective phase between Sep 3 - 11. Note that on the continuation chart, moving average studies are in a bear-mode position, highlighting a dominant downtrend. A resumption of weakness would open 89.94, a Fibonacci retracement. Initial resistance to watch is 91.28, the Sep 24 high.