UK 10 year gilts update - 23 October 2024

Macro Updates Oct 23, 2024

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

UK 10 year gilts - expanding towards the next 40 day cycle peak.

We wrote a pretty thorough long and near term analysis back on 16 October in which the basic premise was that a very long cycle trough was due around now but that price would tactically drop first.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.