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(H0) Approaching Key Resistance *RES.....>

GILT TECHS
GILT TECHS: (H0) Approaching Key Resistance
*RES 4: 133.35 High Dec 2
*RES 3: 133.00 Round number resistance
*RES 2: 132.62 High Jan 6 and bull trigger
*RES 1: 132.47 High Jan 14
*PRICE: 132.41 @ Close Jan 14
*SUP 1: 131.94 Low Jan 13
*SUP 2: 131.04 Low Jan 9 and key near-term support
*SUP 3: 130.63 Low Jan 2
*SUP 4: 130.45 Low Dec 13 and bear trigger
H0 Gilt traded higher yesterday. Recent attention has been on the potential for
gains following the strong rebound on Jan 2. However given last week's price
action, a break of 132.62, Jan 6 high is required to highlight a more convincing
bullish development. This would open 133.00 and 133.35 next. On the downside,
support is at 131.04, Jan 9 low. A break would reopen 130.63, Jan 2 low and
primary support at 130.45, Dec 13 low.

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