1st May 2015 - UK Bonds and the Election
05 May 2015
TECHNICALS:
Monthly Gilt ( iShares ETF) chart
This chart reminds us how far yields have fallen.
The markets break up through the Highs of 2012 and 2013 was followed by a sideways consolidation.
The medium and long-term trend is not threatened unless those Prior High supported at 12.13/14 are broken.
Daily Sept 15 Gilt Future chart
But there is real pressure building in the very short-term.
The break and close beneath the combined support from the rising diagonal and Prior High at 117.56 is testing for the bulls.
The market has bounced from these levels.
But a second close beneath 117.56 would set alarm bells ringing…
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8th May - Sterling Euro pressures post Election 
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24th April - Cable and the election