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(H0) Bullish Theme Intact *RES 4:........>

GILT TECHS
GILT TECHS: (H0) Bullish Theme Intact
*RES 4: 134.26 1.618 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 3: 134.02 1.500 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 2: 133.79 1.382 projection of Jan 2 - Jan 6 rally from Jan 9 low
*RES 1: 133.76 High Jan 17
*PRICE: 133.56 @ Close Jan 21
*SUP 1: 133.04 Low Jan 16 and low Jan 21
*SUP 2: 132.58 Low Jan 15 and key near-term support
*SUP 3: 131.94 Low Jan 13
*SUP 4: 131.04 Low Jan 9 and key support
H0 Gilt maintains a firmer tone for now. Futures traded higher on Jan 17,
breaking above resistance at 133.59, the Nov 26 high to reinforce the short-term
bullish theme. Continued strength above 133.59 would pave the way for a climb
towards 133.79 and 134.02, both Fibonacci projections. Firm support lies at the
Jan 15, 132.58 low. A break of this level would threaten a deeper pullback.
Initial support is at 133.04, Jan 16 and 21 low.

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