(H0) Broader Bearish Theme Intact *RES...>

GILT TECHS: (H0) Broader Bearish Theme Intact

*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: 131.77 @ Close Dec 20

*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 found support Friday. For now though, 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 that began in September. 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, Dec 12 high would alter the picture.