Gilt: Ascending channel remains in evidence - Natixis

In view of Micaella Feldstein, Research Analyst at Natixis, given that the daily stochastic is upbeat for Gilt, this ought to bolster the contract over the next few trading sessions, especially since an ascending channel remains in evidence in the weekly chart. 

Key Quotes

“Under these conditions, the contract should go on to test the resistance levels around 127.17-127.28 (descending resistance trendline and upper band of daily Bollinger). There will need to be a breakout above these levels to open the way for an extension of the rebound towards the resistance around 127.82-127.94 (upper band of weekly Bollinger) before the one at 128.55 (Fibonacci projection) and even the one at 129.15 (monthly parabolic).” 

“Support levels are located at 126.81, at 126.40, at 125.88 and at 125.53.”