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(H0) Choppy *RES 4: 133.59 High Nov 26 and....>

GILTS
GILTS: (H0) Choppy
*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: 131.70 @ Close Jan 2
*SUP 1: 130.63 Low Jan 2
*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 futures have been somewhat choppy recently and managed to find support
off the day low yesterday. For now, the 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, scope is seen for weakness towards 130.39 and the
psychological 130.00 level. Key resistance is at 132.42, high Dec 12.

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