UK Gilts Set to Drive Ahead
Interest-Rates / UK Debt Aug 06, 2010 - 02:36 AM GMTBy: Seven_Days_Ahead
The Technical Trader’s view:
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MONTHLY CHART The market has bounced from the repeated lows at the 105 level, and completed a Bull Falling Wedge which looks set to challenge the old highs at 124.95. |
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WEEKLY CONTINUAITON CHART That wedge in greater detail. Note too, the market racheting itself up on Prior Highs…
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DAILY CHART This is very dramatic and exciting. The break up through the major Pivotal Prior High 120.82 was followed by a pause and pull-back but the short-term supports held and the market has rushed ahead. Good support immediately beneath the market at 121.51.
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Mark Sturdy
John Lewis
Seven Days Ahead
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