GILT TECHS: (Z4) Bullish Extension 

• RES 4: 102.37 1.236 proj of the Sep 2 - 6 - 9 price swing
• RES 3: 102.00 Round number resistance  
• RES 2: 101.78 1.00 proj of the Sep 2 - 6 - 9 price swing   
• RES 1: 101.26 Intraday high       
• PRICE: 101.16 @ 10:29 BST Sep 11
• SUP 1: 100.64 High Sep 10 and a gap low on the daily chart          
• SUP 2: 99.83 Low Sep 10     
• SUP 3: 99.48 20-day EMA  
• SUP 4: 99.29 Low Sep 9  

Gilt futures traded higher Tuesday and the contract remains firm, as it rallies today and, this confirms an extension of the current bull cycle. The latest round of gains have resulted in a break of 100.30, the Aug 14 high. This resumes the uptrend and maintains the price sequence of higher highs and higher lows. 101.78 marks the next objective, a Fibonacci projection. On the downside, firm short-term support has been defined 99.29, the Sep 9 low.