(H0) Downside Extension *RES 4: 133.59...>

GILT TECHS: (H0) Downside Extension

*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: 131.63 @ Close Dec 10

*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 extended the downside yesterday and

has cleared support at 131.62, Dec 5 low confirming a resumption of the current

move lower. The focus is on an extension towards 131.34 and 131.09, both

Fibonacci projection levels. Initial resistance is at yesterday's 132.27 high. A

move above this level is required to ease the bearish threat.