(H0) Bearish Phase Intact *RES 4:........>

GILT TECHS: (H0) Bearish Phase Intact

*RES 4: 133.59 High Nov 26 and key resistance

*RES 3: 133.56 High Nov 27

*RES 2: 133.35 High Dec 2

*RES 1: 132.27 High Dec 9 and intraday key resistance

*PRICE: 131.84 @ Close Dec 11

*SUP 1: 131.47 Low Dec 10

*SUP 2: 131.29 1.236 projection of Nov 26 - Dec 3 decline from Dec 4 high

*SUP 3: 131.04 1.382 projection of Nov 26 - Dec 3 decline from Dec 4 high

*SUP 4: 131.00 Round number support

H0 Gilt remains under pressure near-term following the slide last week that

started off the 133.35 high on Dec 4. Price has also extended the move lower

this week although some support was found yesterday. 131.62, Dec 5 low has been

cleared confirming a resumption of the current move down. The focus is on an

extension towards 131.34 and 131.09, both Fibonacci projection levels. Initial

resistance is at Monday's 132.27 high.