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(H0) Bearish Outlook *RES 4: 133.59......>

GILT TECHS
GILT TECHS: (H0) Bearish Outlook
*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: 131.38 @ Close Dec 31
*SUP 1: 130.68 Low Dec 30
*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 outlook is unchanged with the broader theme still 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 that also occurred on Dec 13, scope is seen for weakness towards 130.39
and the psychological 130.00 level next. Key resistance is at 132.42, high Dec
12.

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