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GILT TECHS:(H9) Downtrend Remains......>

SCHATZ TECHS
SCHATZ TECHS: GILT TECHS:(H9) Downtrend Remains Intact
*RES 4: 125.64 High May 29 (continuation chart)
*RES 3: 124.45 High Dec 10
*RES 2: 123.95 Down trendline resistance from Dec 10 high
*RES 1: 122.96 Down trendline resistance from Jan 3 high
*PREVIOUS CLOSE: 122.67
*SUP 1: 122.15 Low Jan 18
*SUP 2: 121.72 Low Nov 22
*SUP 3: 121.12 Low Nov 8 (continuation chart)
*SUP 4: 120.10 High Oct 8 (continuation chart)
Gilt futures remain in their downtrend from the Jan 3 high, keeping the bigger
picture focus on the downside. A break below Friday's low at 122.15 is needed to
open the Nov 22 low at 121.72. A double top pattern has been triggered with the
downside target coming in at around 121.00. Bulls look for a recovery above down
trendline resistance from the Jan 3 high & 123.00, before targeting down
trendline resistance from the Dec 10 high & 124.00.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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