UK 10yr Gilts: More down side potential

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18 MAY 2018

The first minor projection has been reached at 121.72. Trend velocity remains high enough to maintain our bearish stance; focus is still on the major projections at 116.82 and 108.90 on a 9-12 month horizon. Note that the latter level is virtually equal to multiple pivots of 2013-2014.

  • Primary trend: negative
  • Outlook: negative
  • Strategy: hold short / short-entry
  • Support: 121.72 / 116.82* / 108.90
  • Resistance: 123.30 / 124.65 / 125.10+
  • Outlook cancelled/neutralized: above 124.65

Weekly chart UK 10-year Gilts

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