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(H0) 132.42 Is Key Resistance *RES 4:....>

GILT TECHS
GILT TECHS: (H0) 132.42 Is Key Resistance
*RES 4: 133.59 High Nov 26 and key resistance
*RES 3: 133.35 High Dec 2
*RES 2: 132.42 High Dec 12 and key resistance
*RES 1: 132.27 High Dec 18
*PRICE: 132.08 @ Close Dec 27
*SUP 1: 131.13 Low Dec 16
*SUP 2: 130.45 Low Dec 13 and bear trigger
*SUP 3: 130.39 1.764 projection of Nov 26 - Dec 3 decline from Dec 4 high
*SUP 4: 129.60 2.236 projection of Nov 26 - Dec 3 decline from Dec 4 high
H0 Gilt is firmer having bounced off recent lows. For now, the broader outlook
remains bearish. This follows the sell-off on Dec 13 that saw price register a
fresh low of 130.45, confirming a resumption of the downtrend. With bearish
conditions holding and despite the bounce on Dec 13 that also occurred, scope is
seen for weakness towards 130.39 and the psychological 130.00 level next.
Clearance of 132.42 however, the Dec 12 high would alter the picture.

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