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(H0) Bouncing Well, But No Breakout......>

GILT TECHS
GILT TECHS: (H0) Bouncing Well, But No Breakout
*RES 4: 135.52 High Jan 30 and key bull trigger
*RES 3: 135.11 High Feb 3
*RES 2: 134.60 High Feb 10 and key near-term resistance
*RES 1: 134.32 High Feb 13
*PRICE: 133.77 @ Close Feb 18
*SUP 1: 133.22 Low Feb 13 and key near-term support
*SUP 2: 133.04 Low Jan 21
*SUP 3: 132.75 61.8% retracement of the rally between Jan 9 - Jan 30
*SUP 4: 132.58 Low Jan 15
Gilt bid from the open Tuesday, but still trading within recent ranges. The
retracement since Jan 30 has pulled back to an important area of support. 50% of
the Jan 9 - Jan 30 rally is at 133.28 & the 50-day EMA intersected Friday at
133.36. If futures are able to hold above last weeks low, the focus would shift
to gains ahead of 134.60, Feb 10 high & possibly beyond. A break of 133.22 would
instead resume recent bearish pressure and open 132.75, a retracement level.

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